What Should Subaru Buyers in Springfield Know About EV Tax Credits?
The federal Clean Vehicle Credit offers up to $7,500 in savings for qualifying electric vehicle purchases. This credit is set to expire on September 30, 2025, unless Congress extends it. Additionally, there is a separate credit for installing a home EV charger available through June 30, 2026. Timing is essential to maximize these benefits.
How Is the $7,500 Federal EV Tax Credit Structured?
The credit is divided into two equal parts:
- $3,750 for meeting battery component sourcing requirements
- $3,750 for meeting critical mineral sourcing standards
Some Subaru EVs may qualify for the full credit, while others might receive a partial credit based on manufacturing and sourcing details.
What Are the Eligibility Requirements for Subaru EVs?
To qualify, a Subaru EV must:
- Be new at purchase
- Contain a battery with at least 7 kWh capacity
- Be assembled in North America
- Be manufactured by a qualified company
- Remain under the MSRP cap: $80,000 for trucks/SUVs/vans and $55,000 for other vehicles
Additionally, the sale must be reported to the IRS, and income limits for buyers apply.
Why Should Buyers Act Before These Incentives Expire?
The Clean Vehicle Credit ends on September 30, 2025, with the home charger credit expiring on June 30, 2026. These deadlines are firm unless extended. Acting now helps you secure thousands in savings before the programs end.
How Can Reliable Subaru Help You With EV Incentives?
At Reliable Subaru in Springfield, MO, our team can assist you in determining which Subaru EV models qualify, explaining the program’s details, and guiding you through the required paperwork and IRS reporting.
Ready to Learn More About Subaru EV Incentives?
Contact Reliable Subaru today or visit us to explore qualifying models and claim your federal tax credits before they expire.
