If you're considering an electric vehicle for your commutes around Brockton, Randolph, or Stoughton, MA, you may wonder about the tax credit you'll receive. It's a great perk to go along with your efficient vehicle, and we'll help explain it below.
Read on to discover what amount you could receive. Then, discover what EV models are in stock here at Nissan 24!
How The Electric Vehicle Tax Credit Works
The electric vehicle tax credit can be applied to up to $7,500 of your federal income tax amount. This credit includes not only new fully electric vehicles, but also new plug-in hybrids that were purchased after 2010.
The amount you receive will differ from vehicle to vehicle because the battery power is the determining factor. For example, for Nissan specifically, the LEAF is eligible for the full $7,500 credit.
The credit is nonrefundable and only applies for the year in which you bought the vehicle. It's also important to note that it can only be used by the original purchaser of the car, so a used EV won't come with this benefit.
Additionally, the EV tax credit is only available for the first 200,000 electric or plug-in hybrid vehicles sold by the manufacturer. If you have your eye on one, it's best to decide soon to take full advantage of this offer!
Find an Electric Vehicle Here
As noted above, the Nissan LEAF is eligible for the tax credit. Fortunately, we have it in stock at our dealership! You'll be able to come by for a test drive and learn about its many features. For now, we invite you to browse options using our online new inventory page.
The LEAF is a hatchback model that delivers impressive efficiency. With it, you'll enjoy an EPA-estimated 123 city/99 highway MPGe.* There are two batteries available, each of which provide their own EPA-estimated range. Stick with the standard battery for up to 149 miles on a full charge, or upgrade to the available battery with 226 miles of range.*
A hatchback also means you'll find more expansive cargo room; the rear seats fold down to provide up to 30 cubic feet of space. In addition, you'll find plenty of fun amenities and technology. Apple CarPlay® and Android Auto™ come standard, while heated front seats and leather upholstery are available as upgrades.
Finance an Electric Vehicle
If the Nissan LEAF sounds like the right vehicle for you, come on by to discuss a finance plan. You can apply an online if you'd like a head start. We'll see if we can get you pre-approved for a plan and craft some options ahead of time.
Have an old car you'd like to trade in? Get an appraisal estimate using our online trade-in tool. We'll be happy to apply the value to your upcoming plan.
You are also welcome to buy your Nissan LEAF from home through our Shop@Home platform. Thanks to this option, you can create your own payment plan and have the car delivered to your home. Try it out to see how it works!
Learn More About the Electric Vehicle Tax Credit
The electric vehicle tax credit is an exciting way to enjoy an extra bonus for purchasing an efficient vehicle. We'll help you understand more about it so you can choose a vehicle to drive around Brockton, Randolph, or Stoughton, Massachusetts.
If you have additional questions about this credit or want to test drive on of our LEAF models, contact us at Nissan 24 today!
*2022 EPA estimated range of up to 149 miles for LEAF® S, SV; up to 226 miles for LEAF S PLUS; up to 215 miles for LEAF SV PLUS, SL PLUS. 2022 EPA Fuel Economy Estimates 123 city MPGe/99 highway MPGe/111 combined MPGe for LEAF S and SV; 118 city MPGe/97 highway MPGe/108 combined MPGe for LEAF S Plus; 114 city MPGe/94 highway MPGe/104 combined MPGe for LEAF SV Plus and SL Plus. Based on EPA formula of 33.7 kWh equal to one gallon of gasoline energy. Actual range will vary with trim levels, options, and driving conditions; see Customer Disclosure Form for details. Use for comparison only.