Drivers want to be efficient with their vehicle of choice. As such, you want to choose a vehicle that promotes clean energy. What if there was an additional benefit to deciding on cleaner energy?Here at Norm Reeves Ford Superstore, we are proud to present you with this guide to getting clean vehicles Federal Tax Deductions. See how this decision can have many benefits for you on the roads of Buena Park, Long Beach, and Orange County, CA.
If you decide on a new qualified plug-in electric vehicle or fuel cell vehicle starting on January 1, 2023 or later, you can be eligible for a clean vehicle tax credit if you meet certain income limitations. This tax credit can be for up to $7,500 under the Internal Revenue Code Section 30D.
There are specific qualifications for this tax deduction that include the manufacturer of the vehicle. Vehicles must also have undergone final assembly in North America and not exceed a manufacturer suggested retail price of $80,000 for vans, SUVs, and trucks or $55,000 for other vehicles. You can also see if your vehicle meets these requirements by using your Vehicle Identification Number to search if your vehicle had assembly completed in North America.
Some examples of Ford brands include the Ford Escape Plug-In Hybrid, Ford E-Transit, Ford F-150 Lightning, and Ford Mustang Mach-E.
When you choose a vehicle that runs on electric power, you are making a choice that benefits your lifestyle. This provides cleaner energy and promotes a healthy planet.
Since these vehicles produce zero emissions, you help protect the environment and can save time and money from regular trips to the pump. There are several charging solutions, ranging from at-home options to on-the-go charging stations that allow you to always be ready to continue your adventures.
If you have any questions about electric vehicles, you can always speak to a member of our team.
As mentioned, Ford offers a few options for drivers who want to choose electric. You can explore these options at our dealership and discover what they can offer you and how you can take advantage of the benefits and potentially be eligible for clean vehicles Federal Tax Deductions.
Our inventory is available online as well, so you can browse from the comfort of home and narrow down the options. Our team is ready to assist you in making a deal when the time comes. Our goal is to provide you with quality customer service every step of the way.
Here at Norm Reeves Ford Superstore, we are all about helping drivers get the ride they want. You will want to explore more of your options and see what we have to offer you for the roads of Buena Park, Long Beach, and Orange County, California.
To learn more about clean vehicles Federal Tax Deductions, contact our dealership or come to see us to speak with a member of our team. We are happy to help you get more information to get on the road in the ride you want.
