If you have been thinking about making the switch to a new electric vehicle, it's important to be aware that current federal EV tax credits are being phased out. As it stands, the federal tax credit for electric vehicles is set to expire on September 30th, 2025. If saving on your next Chevy EV is a priority, KIPO Chevrolet encourages you to visit our Ransomville dealership today while incentives are still available!
The dedicated team at KIPO Chevrolet is here to help you maximize potential savings before federal incentives come to an end. If you're shopping for an electric vehicle near Newfane, now is an ideal time to work with our knowledgeable staff to secure your new Chevy EV.
Federal EV Tax Credit Ends September 30th, 2025
With the expiration of the federal EV tax credit on the horizon, it's vital to act before September 30th, 2025, to lock in your savings. Once the deadline passes, new electric vehicles will no longer be eligible for these substantial federal tax incentives. This change could significantly impact the overall cost of your next electric car purchase.
Luckily, we have new EVs in stock now and ready for you to get the keys. Come shop new Silverado EV trucks, compare Blazer EV specs or review how to buy an Equinox EV in New York for less. Our team is here to help you upgrade today!
Save with the New Auto Loan Interest Deduction
After the September 30th deadline, the EV-specific federal credit will be gone, but new tax laws will offer different auto savings opportunities. Beginning October 1st, car shoppers may be able to deduct the first $10,000 of interest paid on new car loans. Here are the key eligibility rules of this new interest rate deduction:1
- Income Thresholds: Single filers must have a modified adjusted gross income below $100,000; joint filers must be under $200,000.
- Vehicle Requirements: Only new vehicles weighing less than 14,000 pounds qualify. Pre-owned models are excluded.
- Production Criteria: Vehicles must be manufactured in the United States.
For more information or clarification on these tax changes, reach out to KIPO Chevrolet. Our Ransomville-based team is committed to keeping you updated and equipped to make smart financial decisions on your next vehicle.
KIPO Chevrolet: Newfane's Source for Chevy EVs
With the September 30th EV tax credit deadline fast approaching, now is the time for drivers to explore the electric Chevy lineup. We offer a robust selection of qualifying EVs and have the expertise to guide you through every aspect of the electric car buying process. Our finance professionals are up to date on all coming changes for 2025 EV incentives, so you don't lose out on valuable tax credits.
It's time to schedule a test-drive of the Chevy Blazer EV, ask about Equinox EV specials or get honest answers to your electric car questions from our local experts. Whether you're a first-time EV buyer or considering an upgrade, KIPO Chevrolet is ready to help you make a confident, informed choice!
Claim Your EV Tax Savings Near Newfane Now
With the EV tax credit deadline fast approaching, Ransomville and Newfane shoppers are encouraged to act now. Contact KIPO Chevrolet today to book your EV test-drive and secure federal EV incentives or learn more about the new auto interest deduction!
Read More: Tax Refund as Down Payment | Blazer EV Overview | Why Choose KIPO Chevrolet?
1Terms and conditions apply. See dealer for details. We are not accountants nor CPAs and this is not tax advice. Please speak to a finance professional regarding the tax implications of any potential purchase.