The $7,500 EV Tax Credit Ends September 30, 2025

• The federal electric vehicle tax credit of up to $7,500 when purchasing new vehicles and $4,000 for used vehicles is scheduled to end on September 30, 2025.
• The federal electric vehicle tax credit of up to $7,250 when leasing a Ford Mustang Mach-E is schedule to end on September 30, 2025.
• Not all EVs are eligible for the tax credit.  You can find a list of qualifying vehicles on the fueleconomy.gov website.

The 2025 Ford F-150 Lightning, called the “the strong, almost-silent type”, is set to lose the $7,500 EV tax credit.  As long as the MSRP of the pickup you are selecting does not go over $80,000, it most likely is eligible for the tax credit.  It must also meet the assembly and battery requirements in the current law. 

The Lightning offers what you expect in a Ford F-150, a full-size truck capability.  With an EPA-estimated range of up to 320 miles on select models, the truck is ready to work for you.  You have the available towing capacity of 10,000 pounds.  With the Pro Power Onboard and available Home Backup Power, the F-150 Lightning can power up your life.

The 2025 Ford Mustang Mach-E follows in the path of the iconic Ford Mustang with style and takeoff like a racecar. While the SUV is not eligible for the same tax credit as the Lightning, it is eligible for the lease incentive of EV RCL Cash, up to $7,250, depending on the model you lease.  Currently, there is also $500 Summer Sales Event ZEV STATE RCL Cash available, for a total of $7,750 off MSRP.  As with the EV tax credit, these incentives end on 09/30/25. 

The Mach-E is an EV worth trying.  The look is legendary with sleek lines and the classic pony badge on the grille.  You have the options of RWD and eAWD.  Enjoy a fun and comfortable drive with the EPA-estimated range of up to 320 miles on select models.  Powerful connectivity and driver-assist technology will make each drive easier and less stressful.

We know that purchasing a new vehicle can be a bit daunting.  But at Wendle Ford, we’re here to make the process as easy and stress-free as possible.  With the urgency to purchase an EV prior to September 30th, demand may be high with quantity moving fast.  Buyers in the Inland Northwest who are looking to go all-electric are coming to Wendle Ford in Spokane WA.  Our team is here to help you understand the potential savings and how you can benefit.  Don’t miss this final chance to save up to $7,500 on a new EV before the tax credit expires.

*Please consult with your own tax or legal professional to determine your individual eligibility. Tax credit amount is based on vehicle-specific component sourcing and assembly and may be subject to change. You may not claim the credit if (1) your adjusted gross income exceeds certain thresholds or (2) the MSRP of the vehicle, as configured, exceeds $80,000 (including all optional equipment attached to the vehicle at the time of delivery to the dealer, but excluding destination charges, optional items added by the dealer, taxes and fees). Not every F-150 Lightning will qualify for the tax credit. For you to receive the tax credit, the dealer must confirm that your specific vehicle qualifies and must provide you with an IRS time-of-sale report. Tax credit may be applied at point of sale, subject to dealer availability, or as a potential future tax savings. Tax credit is not available for vehicles acquired after September 30, 2025. The IRS considers a vehicle acquired as of the date a written binding contract is entered into and a payment has been made. For this purpose, a payment includes a nominal down payment or a vehicle trade-in. Eligible customers who acquire a qualified vehicle on or before September 30, 2025 will be entitled to claim the credit when they take possession of the vehicle, even if they take possession of the vehicle after September 30, 2025. The amount of your tax savings will depend on your individual tax circumstances. Incentives and additional rebates are not within Ford’s control. This information does not constitute tax or legal advice. For additional information, go to fueleconomy.gov.