Going green with an electric vehicle does more than just contribute toward a sustainable future; it also leads to substantial financial perks. To claim EV tax credits in Massachusetts or at the federal level, visit a Mastria Auto Group dealership.
Our electric vehicles bring both rewarding driving experiences and substantial savings, giving you the best of both worlds. With Cadillac, GMC, Kia and Hyundai EVs that qualify for federal EV tax credits along with select used electric cars that may meet the necessary tax savings requirements, we have just what you need at our dealerships near Brockton. These federal electric car tax incentives are expiring on September 30, 2025, though, so be sure to hurry in!
Connect with us today at our Raynham EV center and discover all the ways you can reap the rewards of being a Massachusetts electric vehicle owner!
Is the Federal EV Tax Credit Expiring Soon?
The federal Clean Vehicle Tax Credit is set to expire on September 30, 2025. To make the most of this tax benefit, be sure to purchase your eligible electric vehicle before the deadline. This federal tax credit is available for qualifying new and used EVs purchased for either personal or commercial use.
Can You Deduct Interest on EV Auto Loans?
Yes, a new Auto Loan Interest Deduction is available now through December 31, 2028. With this program, drivers can deduct up to $10,000 each year in interest paid on loans for qualifying new vehicles -- including EVs, hybrids and gas-powered models -- provided the vehicle's final assembly took place in the United States.1
How Do I Get My Electric Vehicle Tax Credit?
To claim the electric vehicle tax credit, you'll want to file and submit IRS Form 8936 with your tax return.1 This form is used to calculate the credit applicable for qualified vehicles that you placed into service during your tax year. The federal Clean Vehicle Tax Credits expire on September 30, 2025, so be sure to take delivery of your EV before then. For assistance, we recommend you consult a tax professional or specialist.
We sell tax-eligible new EVs for sale in Massachusetts like the Hyundai IONIQ5, Cadillac LYRIQ and Kia EV6 at Mastria Auto Group that can help you qualify for federal EV tax credits before they expire. Our selection also includes vehicles eligible for EV tax rebates in Massachusetts. Visit our dealerships to speak with our team for more information.
Does Massachusetts Have Tax Incentives for EVs?
As a resident of Massachusetts, you can enjoy state tax incentives through the MOR-EV program when you purchase or lease an eligible electric vehicle from Mastria Auto Group. Lease or buy a vehicle that meets the proper requirements to receive between $3,500 and $6,000 in tax rebates.1
Can I Get an Electric Car Tax Credit on a Used Car?
If you buy a qualified used electric vehicle, you may be eligible for a tax credit of up to $4,000.1 To see if a vehicle is eligible for the used clean vehicle credit, browse online or consult with a member of our team. Please note that this tax credit will also expire on September 30, 2025.
Explore our wide selection of used electric cars for sale nearby and start enjoying the long-term benefits right away.
Which Electric Vehicles Are Eligible for Tax Credits?
Before you determine whether your vehicle fits the requirements for EV tax credits, be sure to take note of when you took delivery. This will help verify whether your make and model fit the description for EV tax credits.
Electric Vehicles & Tax Credits
The new electric vehicles listed below are eligible for the $7,500 tax credit if you take delivery between January 1, 2025 to September 30, 2025:
| Brand | Model & Vehicle Type | Model Years Eligible | Max Tax Credit Available1 |
|---|---|---|---|
| Cadillac | LYRIQ EV | 2024-2026 | $7,500 |
| Cadillac | OPTIQ EV | 2025-2026 | $7,500 |
| Cadillac | VISTIQ EV | 2026 | $7,500 |
| GMC | Sierra EV | 2026 | $7,500 |
| Hyundai | IONIQ 5 | 2025 | $7,500 |
| Hyundai | IONIQ 9 | 2026 | $7,500 |
| Kia | EV6 | 2025 | $7,500 |
| Kia | EV9 | 2026 | $7,500 |
If you're in the market for an eco-friendly vehicle that provides fuel, maintenance and tax savings, contact Mastria Auto Group today. Our team will provide all the information you need about the advantages of Massachusetts EV ownership!
Learn More: EV Center | EV vs. Gas Costs | Section 179 Tax Savings
1 Information listed here is accurate at time of publishing. Tax credits are subject to change.