Save with Chevy EV Tax Credits in Washington, MO
Making the transition to an electric vehicle has never been more accessible or rewarding, especially with the federal EV tax credits available on new Chevy electric vehicles for sale at Modern Auto Company. These valuable incentives can significantly reduce the cost of your new EV, making sustainable vehicle performance an economically sound choice. Find out more about the many ways you can save on a new or used EV you have your eye on at our Buick, GMC and Chevy dealership in Washington!
What Are the Federal EV Tax Credits for Electric Vehicles?
When purchasing a new electric vehicle, you could qualify for a federal tax credit of up to $7,500.1 This tax incentive is designed to make environmentally friendly vehicles more affordable, helping you embrace cutting-edge technology and reduce your carbon footprint simultaneously.
Which Chevy Models Qualify for New EV Tax Credits?
The following new Chevy models can qualify for up to a $7,500 EV tax credit:1Chevy Equinox EV
Chevy Blazer EV
Chevy Silverado EV
Although GMC electric models aren't currently eligible, changes in eligibility could occur as new models are released. Contact Modern Auto Company to keep up with the latest updates.
Are Pre-Owned EVs Eligible for Tax Benefits?
Yes, federal tax credits extend to pre-owned electric vehicles as well, offering up to $4,000 in credits.1 This makes choosing a used EV in Missouri an even more appealing option, helping you transition to cleaner energy affordably.
What Pre-Owned Electric Cars Are Eligible for the EV Tax Credit?
A wider selection of models and brands are eligible for the used EV tax credit than the new vehicle credit. The following GM vehicles may be eligible for up to a $4,000 rebate:1: GMC HUMMER EV, Chevy Bolt, Chevy Bolt EV, Chevy Bolt EUV, Chevy Spark EV, Chevy Volt
Does Missouri Offer State EV Tax Incentives?
Currently, Missouri does not provide state-specific tax rebates for electric vehicle purchases. The primary incentive remains the federal tax credit, which serves as a substantial benefit for Missouri EV buyers. However, there are other benefits that you should consider when buying an electric vehicle. For instance, you'll no longer need to keep up with yearly emissions inspections.
Connect with Washington's Electric Vehicle Experts
Explore the GMC and Chevy electric vehicle inventory at Modern Auto Company, where our dedicated team is eager to help you understand the ins and outs of EV tax credits. Whether you want to test-drive a Blazer EV or have questions about Equinox EV pricing, we're here to support your journey into sustainable driving. Visit us to start your eco-friendly adventure today!
1 Information accurate at time of publishing. Visit https://fueleconomy.gov/feg/tax2023.shtml for more details.