If you've been considering switching to an electric vehicle, now is an excellent time. The federal government currently offers a tax credit of up to $7500 for purchasing a new electric vehicle (EV), but this incentive will expire at the end of September 2025. At Diamond Valley Honda in Hemet, CA, we want to make sure our customers are aware of this limited-time opportunity to save big on an eco-friendly ride.
How the Federal EV Tax Credit Works
The EV tax credit is a federal incentive to encourage more drivers to choose electric vehicles. It provides a dollar-for-dollar reduction in your income tax bill, up to $7500, when you purchase a new, eligible EV. The specific amount you receive depends on the vehicle's battery capacity. To qualify, you must purchase the vehicle new and have an income tax liability greater than the credit amount.
Eligible Honda Electric Models
Honda offers an exciting electric model that may be eligible for the federal tax credit. The Honda Prologue is a stylish and capable electric SUV with an estimated range of over 300 miles on a single charge. Visit Diamond Valley Honda to explore this model and find the perfect electric Honda for your Southern California lifestyle.
Benefits of Going Electric
In addition to the potential tax savings, there are many other great reasons to switch to an EV. Electric vehicles are cheaper to fuel and maintain than gas-powered cars, saving you money in the long run. They also produce zero tailpipe emissions, making them a much more environmentally-friendly choice. With an EV, you can enjoy a quiet, smooth ride while doing your part to reduce your carbon footprint.
Don't wait until it's too late to take advantage of the $7500 federal EV tax credit. Visit Diamond Valley Honda at 300 Carriage Circle in Hemet, CA today to learn more about our electric vehicle options and see how much you could save. Our sales staff is here to answer all your questions and help you find the perfect Honda EV before this valuable incentive expires in September.
