EV Tax Credit Makes Going Green More
Affordable
Understanding the EV tax credit and how it can save you money.
As mobility trends continue toward sustainable transportation, customers need viable options to make "going green" affordable. With the support of the Federal EV Tax Credit combined with efforts from Stellantis and Stellantis Financial Services, purchasing or leasing electric vehicles (EVs) or plug-in hybrid vehicles (PHEVs) becomes more manageable, fostering a positive impact well beyond MSRP. When eco-friendly choices become more affordable, the positive impact lives on through a low/no emissions mobility solution.
Federal EV Tax Credit
As part of the Clean Vehicle Credit, all-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500.
Federal EV Tax Credit in action:
By offering this tax credit through SFS, Stellantis is making its lineup of EVs and PHEVs more accessible to a wider audience. The credit can be applied as a cap cost reduction, effectively lowering the overall cost of leasing eligible Stellantis vehicles.
Both retail purchases and leases of select Stellantis vehicles qualify.The tax credit is straightforward for consumers opting for a retail purchase. Please discuss this option with the dealer prior to completing the purchase.
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Purchasers of EVs can also elect to receive advanced payment of the retail tax credit at the time of purchase. The advanced payment of the EV credit is now applicable to both lease and retail purchases. The credit would be applied as a cap cost reduction on a lease, effectively reducing the monthly payments, making it even more affordable to go green.
Be a part of the solution.
By making EVs and PHEVs more accessible through financial incentives and leveraging the Federal EV Tax Credit, everyone can help drive the change toward greener transportation. When buyers take advantage of this opportunity, the positive impact extends far beyond individual savings. It represents a real contribution to cleaner solutions for a more sustainable future.
Visit your local Stellantis dealership and test drive an electric vehicle today.
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