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End of the EV Tax Credit

Understanding When the Federal EV Tax Credit Ends and What It Means for You

If you're considering purchasing an electric vehicle (EV) in the Huntington, WV area, including nearby communities like Hurricane, Union Township, and Barboursville, understanding the timeline and details of the federal EV tax credit is crucial. This tax incentive can save you up to $7,500 on qualifying new electric vehicles, such as popular models from Cadillac, GMC, and Nissan. However, recent legislative changes have accelerated the end date of this credit, making it vital to act promptly.

At Moses Auto Mall, located at 3301 US, Huntington, WV 25705, we want to ensure you have all the information you need to maximize your savings. If you have questions or want to explore our extensive inventory of new vehicles or used vehicles, please call us at (304) 736-5291.

Table of Contents

When Does the Federal EV Tax Credit End?

The federal electric vehicle tax credit, which offers up to $7,500 in savings for qualified new EV purchases and up to $4,000 for eligible used EVs, will officially expire on September 30, 2025. This date was moved forward from the original end of December 2025 through recent federal legislation, which accelerated the termination of this credit to incentivize buyers to act swiftly.

This change means that residents in Huntington, Perry Township, and Ashland have a limited time to benefit from the federal incentive when purchasing an eligible electric vehicle from brands like Cadillac or Nissan. The shortened timeline puts urgency on buyers who want to maximize their savings.

The tax credit is non-refundable, so it directly reduces your tax liability but does not provide a refund if your tax bill is lower than the credit. The credit applies only to vehicles purchased and placed into service before the deadline, with some recent IRS guidance allowing the qualifying purchase to be based on the signed purchase agreement and payment date, rather than vehicle delivery.

Moses Auto Mall is well-positioned to assist buyers through this process and help you understand eligibility criteria for your next vehicle purchase. Visit our showroom at 3301 US, Huntington, WV 25705 to explore qualified new and used EVs and schedule a test drive.

Is the Federal Tax Credit Ending on September 30?

Yes, the federal EV tax credit ends on September 30, 2025. Buyers in the Huntington metropolitan area, including nearby communities such as Hurricane and Union Township, should note this earlier-than-expected deadline. The accelerated phase-out means any new or used EV purchase qualifying for the credit must be completed before this date to benefit.

This deadline applies broadly to all manufacturers, removing previous phase-outs based on sales volume and manufacturer-specific caps. As a result, the tax credit will no longer be available for any eligible EVs purchased or leased after September 30, 2025.

To safeguard your eligibility, ensure that your purchase agreement is signed and payment is made on or before this date. This is particularly important for residents in Wayne and Barboursville who may be considering models like the Cadillac Lyriq or Nissan Rogue.

If you’re unsure about your vehicle’s eligibility or want to explore options, Moses Auto Mall offers a broad selection of EVs that qualify for the federal tax credit. Browse our new vehicle inventory or used vehicle inventory online or visit our dealership. Our knowledgeable team will help you navigate this deadline effectively.

Why Tesla Models Have Specific Eligibility for Tax Credits

Tesla’s eligibility for the federal EV tax credit has been a topic of interest, especially among buyers in communities like Catlettsburg and Ona. After previously losing eligibility due to manufacturer sales caps, Tesla models regained qualification under new rules starting in 2023, but with stricter requirements.

For Tesla vehicles to qualify, they must meet:

  • Manufacturing and assembly requirements centered in North America.
  • MSRP limits of $55,000 for sedans and $80,000 for SUVs/trucks.
  • Income thresholds for buyers.

Models like the Tesla Model 3 Long Range and Performance trims, Model Y Long Range, and Cybertruck in specific configurations may be eligible until the September 30, 2025 cutoff. However, eligibility can vary by trim and production date, so it is essential to confirm with your dealer.

Moses Auto Mall offers a range of other qualifying EVs from Cadillac, GMC, and Nissan that meet these criteria. If you want to explore Tesla alternatives or confirm eligibility for your preferred Tesla model, contact us at (304) 736-5291.

Can You Claim the EV Tax Credit More Than Once?

The federal government allows the EV tax credit to be claimed multiple times but with restrictions. For new vehicles, you can claim the credit for each qualifying purchase made before the September 30, 2025 deadline. However, for used EVs, the IRS limits the tax credit to once every three years per taxpayer.

For example, if you purchased a used EV in West Hamlin and claimed the tax credit, you must wait three years before you can claim the credit again on another used EV purchase. This rule helps ensure the tax credit encourages new vehicle adoption rather than frequent turnovers.

Your modified adjusted gross income (MAGI) must also stay within the eligibility limits for each claim, which vary depending on your filing status. Buyers in Fayette Township or Hamlin should review these limits carefully to confirm eligibility.

For a current vehicle trade-in value or to explore new EV options, use our Trade Appraisal tool or browse our extensive Nissan Kicks and Nissan Altima selections.

Will the EV Tax Credit Be Repealed in the Future?

Following the enactment of the One Big Beautiful Bill Act, the federal EV tax credit is set to end on September 30, 2025, effectively repealing the program after this date. While there are always discussions and proposals regarding clean energy incentives, no current legislation suggests an extension or reinstatement of this federal tax credit beyond the 2025 cutoff.

Buyers in Kenova, West Hamlin, and Ashland should plan accordingly, as state-level incentives might still exist but cannot replace the federal credit's value. These local incentives often complement federal programs but vary widely in terms and availability.

Moses Auto Mall encourages customers to maximize available incentives now and offers assistance in understanding both federal and local incentives to ensure you receive the best deal.

Overview of the New Car Tax Credit for 2025

In addition to the EV tax credit, a new tax deduction is introduced for car loan interest on new vehicles purchased from 2025 through 2028. This deduction allows buyers to deduct up to $10,000 in car loan interest per tax year, providing additional savings for buyers in Huntington and surrounding areas.

Key points to know:

  • The deduction applies only to loans on new vehicles assembled in the United States.
  • Used car loans do not qualify.
  • Income limits apply, and the deduction phases out at higher income levels.

This deduction is particularly beneficial for buyers considering new Cadillac Escalade or GMC Sierra models, which are assembled domestically. If you’re interested in this deduction or want expert guidance on your next vehicle purchase, connect with Moses Auto Mall's finance team.

Income Eligibility for the EV Tax Credit

Income limits are critical for qualifying for the federal EV tax credit. Your modified adjusted gross income (MAGI) for either the current or previous tax year must meet these thresholds:

  • $300,000 or less for married filing jointly or surviving spouse filers.
  • $225,000 or less for head of household filers.
  • $150,000 or less for all other filers.

These limits apply to both new and used EV purchases. Buyers in the Huntington area, including nearby communities like Barboursville and Wayne, should verify their eligibility based on these thresholds.

If your income exceeds these limits, you won’t qualify for the credit, but Moses Auto Mall offers a wide range of vehicles that may fit your budget and preferences. Check our used vehicle inventory or speak with our sales team for alternatives.

Which 2025 EV Models Qualify for the Credit?

For 2025, the IRS maintains a dynamic list of eligible vehicles that meet assembly, price, and battery criteria. Some popular qualifying models from our brands include:

  • Cadillac Lyriq and Escalade IQ
  • GMC HUMMER EV SUV and Sierra EV
  • Nissan Ariya, Rogue, and Pathfinder

These vehicles must have a Manufacturer's Suggested Retail Price (MSRP) below $55,000 for sedans and $80,000 for SUVs or trucks. Battery sourcing and critical mineral requirements also apply, ensuring compliance with federal standards.

If you want to explore these models, Moses Auto Mall has an extensive selection available. Visit us at 3301 US, Huntington, WV 25705 or browse our inventory online, including specific models like the Nissan Altima and Nissan Rogue.

Transferring the EV Tax Credit to the Dealer

Starting in 2024, buyers can transfer their EV tax credit value directly to the dealer at the time of sale, allowing for an immediate reduction in purchase price rather than waiting to claim the credit on tax returns. This process simplifies savings for buyers in Union Township, Fayette Township, and other local areas.

Key details:

  • The dealer must be registered with the IRS and submit required information.
  • The sale price of the vehicle is determined before applying the credit.
  • The transfer does not affect the vehicle’s MSRP or eligibility.

Moses Auto Mall participates in this program, enabling you to enjoy upfront savings on qualifying Cadillac, GMC, and Nissan models. Contact our sales department to learn more about this option or schedule a visit.

Do Electric Cars Depreciate Quickly?

Electric vehicle depreciation has traditionally been faster than gasoline-powered cars due to rapid advancements in battery technology and range improvements. However, as the EV market matures, depreciation rates are stabilizing.

Factors affecting depreciation include:

  • Battery health and warranty status.
  • Model reputation and brand reliability.
  • Local demand trends in areas like Hamlin and Wayne.

For buyers concerned about resale value, used EVs offer compelling bargains and lower upfront costs. Moses Auto Mall can guide you through selecting a used EV from our used vehicle inventory that balances value and longevity.

Taking Action at Moses Auto Mall

To make the most of the federal EV tax credit before it ends on September 30, 2025, visit Moses Auto Mall at 3301 US, Huntington, WV 25705. Explore our wide selection of qualifying new and used electric vehicles from Cadillac, GMC, and Nissan.

Whether you want to discover your current vehicle's trade-in value using our Trade Appraisal or schedule routine maintenance through our Service Scheduler, we’re here to support your automotive needs. Genuine parts and accessories are also available at our Parts Department.

Call us today at (304) 736-5291 to learn more or visit our website to browse inventory and incentives.

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