How Do EV Tax Credits Work
Driving an electric vehicle is not only an environmentally friendly choice; it can also be a financially wise decision. When you visit our Honda dealership in Las Vegas, we’ll be more than happy to tell you how you can claim EV tax credits on your electric car. In addition to getting information on electric vehicle tax credits, we’ll be happy to show you our line of available Honda EVs for sale. Come find the new Honda electric SUV or sedan that’s just right for you and learn more about how you can claim EV tax incentives on your new purchase. Findlay Honda is here to help you with your EV tax credit questions and concerns.
Does Nevada Have an EV Tax Credit?
Per the U.S. Department of Energy, NV Energy offers low-income customers a $2,500 rebate on the purchase of a new or used electric vehicle. Electric vehicle tax credits in Nevada are awarded on a first-come, first-served basis. To learn more about Nevada EV tax savings, get in touch with our Las Vegas Honda dealer.1
How Do I Get EV Federal Tax Credit?
Our local Honda dealership can offer the EV tax credit to qualifying customers, or you can claim the electric vehicle tax credit of up to $7,500 on your federal income tax return by filing the IRS Form 8936. This $7,500 EV tax credit has been extended until 2032 and establishes a $4,000 credit for used electric vehicles.1
What Are the Qualifications for EV Tax Credit?
To qualify for electric car tax savings, an electric vehicle’s final assembly must take place in the U.S. The car’s materials must also meet U.S.-based sourcing requirements. For more information on Honda tax credit requirements, reach out to our nearby Honda dealer.