Claim Your $7,500 Federal EV Tax Credit On Select Ford Models

EV tax credit laws can be confusing – and even more so with the upcoming changes on September 30, 2025. One of the most frequently googled questions lately is, "Does a Ford EV qualify for tax credits?" and at Jones Ford Buckeye, the answer is partly yes. Join us as we delve into current and new federal EV tax credit regulations, discuss which Ford electric vehicles for sale are eligible, and even take a closer look at overall gas vs. electric car savings that reach well beyond any tax deductions. Our dealership can help you unlock all the best EV savings and make your dreams of sustainable driving a reality.

Federal Tax Credit for Electric Cars: 2025 Overview

Qualifying Ford EVs: Shop the in-stock Ford F-150 Lightning at Jones Ford Buckeye to enjoy Ford federal tax credit savings through September 30, 2025.
New & Used EV Tax Credits Available: You could earn up to $7,500 in new-EV tax credit or up to $4,000 in used-EV tax rebates when buying or leasing eligible Ford electric vehicles and trims.¹
Time Is Running Out: Current EV tax credit laws will end after September 30, 2025, so lease or purchase now to lock in your savings.
Fresh EV Tax Credit Laws Will Begin: Although September 30 is the deadline for current EV tax deductions, a new law will start on October 1, 2025, that allows up to $10,000 per year, but only for auto loan interest on financed, U.S.-assembled EVs.²

Federal EV Tax Credit Details

Wading through legal changes, government jargon, and IRS updates is no one's cup of tea, so rather than waste your time scouring incomprehensible websites, we've organized the most crucial EV tax credit details for you.

Current EV Tax Credit: 2025 Laws Through September 30, 2025

If you're reading this page before or on September 30, 2025, the following rules apply to all eligible new EVs & PHEVs that are leased or financed through a dealership:

New electric vehicles can receive up to $7,500 in EV tax credit.¹
New van, truck, or SUV MSRP must be $80,000 or less.³
New car MSRP must be $55,000 or less.³
Customers' modified AGIs must be less than $300,000 (Married/Joint), less than $225,000 (Head of Household), or less than $150,000 (any other status).³

Used vehicles have their own EV tax credit rules:

Financed eligible pre-owned electric vehicles can earn an EV tax credit worth up to $4,000.¹
Vehicle price must be $25,000 or less.³
Customers' modified AGI must be less than $150,000 (Married), less than $112,500 (Head of Household), or less than $75,000 (any other status).³

Home EV charging stations also come with tax breaks, and these will last halfway through next year:

Home EV charging stations are eligible for a federal EV tax credit equal to 30% of the cost of equipment and installation or a maximum of $1,000.³
This incentive will end after June 30, 2026.
Arizona residents may continue to benefit from EV rebates from their power companies, even after the federal home EV charging station deduction goes away.

Changes to the EV Tax Credit: 2025-2028 Laws Beginning October 1

Beginning October 1, 2025, fresh EV tax credit deductions will roll out across the U.S. with these benefits and stipulations:

A fresh EV tax credit opportunity will begin October 1, 2025, though technically, the provisions apply to non-electric vehicles as well.
U.S.-built electric or plug-in electric vehicles should qualify for an annual tax deduction of $10,000² of loan interest.
You can qualify for this updated EV tax credit as long as your electric car is for personal use and your modified AGI does not exceed $200,000 (Married) or $100,000 (all other filings).²
This $10,000 annual deduction does not apply to leased vehicles.

Which Ford Electric Vehicles Are Affected by EV Tax Credit Changes?

Currently, one of our Ford electric vehicles is eligible for some form of federal EV tax credit: the work-ready F-150 Lightning. Unfortunately, the potent Mustang Mach-E and the family-friendly Escape PHEV don't comply with U.S. tax credit battery sourcing laws, so they are currently ineligible. Additionally, the electric F-150 Lightning will change its EV tax credit value after September 30, 2025.

New F-150 Lightning: Choose a Flash, Lariat, or XLT trim of a new 2023, 2024, or 2025 F-150 Lightning to enjoy up to $7,500 in EV tax credit – that's the full amount possible through September 30, 2025. After that date, we expect the F-150 Lightning to qualify for the new $10,000 annual loan interest tax credit if it's financed.

If leasing one of our Ford electric vehicles to earn a federal EV tax credit is on your 2025 to-do list, stop by Jones Ford Buckeye now to make sure you can claim your deduction. Leased vehicles will no longer be eligible for an EV tax credit after September 30, 2025.

What Do These Updated EV Tax Credit Laws Mean for the Future of Sustainable Driving?

Sustainable driving is an issue near and dear to our hearts. At Jones Ford Buckeye, we not only sell electrified vehicles, but we also do so knowing that placing these eco-friendly machines on the road will help our earth maintain its delicate balance. If you're concerned that these upcoming EV tax credit laws will negatively affect the future of our planet, here are a few key factors to keep in mind:

Laws Don't Negate Emissions: Electrified vehicles will still produce low to zero emissions, regardless of any EV tax credit changes, so you can feel good about your environmental impact when shopping Jones Ford Buckeye EV inventory.
EV Maintenance Is Still Low: Electric car maintenance costs – and intervals, for that matter – tend to be less than those of gas-powered vehicles. After all, they only need checkups every 10,000 miles and don't use any oil!
EV Charging Station Infrastructure Is Growing: On local and national levels, EV charging stations are expanding. This continued growth is a vote of confidence from federal and state officials that electric vehicles are here to stay, no matter how EV tax credit rules fluctuate.
EVs Are Incredibly Safety-Conscious: Every driver wants to avoid an accident, so investing in an EV puts you in control of a car that's among the safest. Electric cars like our Ford F-150 Lightning truck and Mustang Mach-E vehicles are factory-equipped with enhanced sensors, cameras, and driver-assistance technology for next-level peace of mind.

Maximize Your EV Tax Credit at Jones Ford Buckeye

Visit our dealership before September 30, 2025, to take advantage of EV tax credit opportunities up to $7,500 for new EVs and up to $4,000 when you shop our pre-owned electric inventory. Curious about our other models and incentives? Browse our entire new Ford inventory, then click over to our lease and finance offers to see how you could double-down on your savings.

Frequently Asked Questions

Can I get the credit for a used Ford EV?

Yes, under the current and upcoming EV tax credit laws, you will be able to access a federal deduction for select financed electric and plug-in electric vehicles that are sourced and assembled in the U.S.² Currently, the used Ford EV tax credit is worth up to $4,000,¹ but a new credit worth $10,000 annually will soon take its place.²

When does the federal EV tax credit expire?

The current federal EV tax credit law expires on September 30, 2025. This provides an EV tax credit for eligible leased and financed electric and plug-in electric vehicles. A new law will take effect on October 1, 2025, and run through 2028. This new law stipulates that only financed U.S.-assembled EVs and PHEVs can garner an annual EV tax credit against loan interest up to $10,000.²

What are the income limits for claiming the tax credit?

Through September 30, 2025, new EVs and PHEVs require modified AGIs less than $300,000 (Married), $225,000 (Head of Household), or $150,000 (any other status),³ while used electric vehicles require modified AGIs less than $150,000 (Married), $112,500 (Head of Household), or $75,000 (any other status).³ Beginning October 1, 2025, modified AGIs cannot exceed $200,000 (Married) or $100,000 (all other filings).²

¹Please consult with your own tax or legal professional to determine eligibility, specific amount of incentives or rebates available. The amount of your tax savings will depend on your individual tax circumstances. The Inflation Reduction Act, effective as of August 16, 2022 and pending further IRS guidance, introduces additional requirements for federal tax credit eligibility. This information does not constitute tax or legal advice.

²Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors#:~:text=New%20deduction:%20Effective%20for%202025%20through%202028%2C%20individuals%20may%20deduct,Maximum%20annual%20deduction%20is%20$10%2C000.

³Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.kiplinger.com/taxes/ev-tax-credit#:~:text=The%20federal%20tax%20credit%20for,price%20caps%20remain%20in%20effect.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, and $499 documentation fee. Additional equipment added by the dealer or the purchaser will increase the overall transaction amount. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.