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Electric vehicle tax credits, rebates and other incentives

2 results
  • EV Rebate

    Federal Credit

    $7,500
    Maximum Rebate

    Under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Clean Vehicle Tax Credit of $3,750 or $7,500 depending on model eligibility for the purchase of a new plug-in electric vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. To be eligible:

    • A vehicle must have undergone final assembly in North America (the United States and Puerto Rico, Canada, or Mexico).
    • Critical mineral and battery component requirements determine credit amount.
    • Maximum MSRP of $55,000 for cars and $80,000 for SUVs/trucks/vans.
    • Income eligibility applies depending on modified adjusted gross income (AGI) and tax filing status.

    To learn more, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after


    Program Provider
    Internal Revenue Service (IRS)
    Expiration Date
    01/01/2026
  • Bonus Offer

    Customer Cash

    $3,000
    Maximum Rebate
    Customer Cash from Kia America for the purchase of a new Kia. Customer Cash must be applied toward the purchase of a new Kia and not available for cash. Subject to vehicle availability and dealer participation. Offers may not be combined except where specified. Must take delivery by 07-07-2025. Limited inventory available. Offer not available for leases. See Kia retailer for available stock.

    Program Provider
    Kia
    Expiration Date
    07/08/2025
  • Conquest

    Conquest Offer

    $1,000
    Maximum Rebate
    Customers may receive $1000 on the purchase or lease of a new, eligible Kia vehicle from Kia America, Inc. (KUS) between 06/03/2025 - 07/07/2025 if they qualify for the Competitive Bonus Program. Contact your local Kia dealer for a listing of eligible qualifying competitor vehicles and complete details. Vehicles outside of those listed will be deemed ineligible and claim submissions will be rejected. To be eligible, customer must show proof of qualifying model year 2014-2026 competitor vehicle ownership (current registration) to Kia dealer where new, eligible Kia vehicle is being purchased. Void where prohibited by law. This incentive is a limited time offer on eligible Kia vehicles. Not all incentive programs are compatible. Additional terms and conditions apply. See your participating dealer for more details. All matters of program eligibility and qualification will be resolved by KUS in its sole discretion, and KUS reserves the right to change product and program specifications at any time without incurring any obligations. Offer valid from 06/03/2025 - 07/07/2025.

    Program Provider
    Kia
    Expiration Date
    07/08/2025
  • Loyalty

    Loyalty Offer

    $1,000
    Maximum Rebate
    Owner Loyalty Offer available to current Kia owners who purchase or lease a new Kia vehicle between 06-03-2025 - 07-07-2025. A customer can only qualify for Owner Loyalty Incentive claims for two purchases (2 VINs) per calendar year and the vehicle utilized as the qualifying vehicle may not be the same vehicle in both instances. Offer may be combined with Low APR, Lease, or Cash offers. To be eligible, new Kia vehicle purchaser must show proof of qualifying Kia vehicle ownership (current registration) to Kia dealer where new Kia vehicle is being purchased. Void where prohibited by law. This incentive is a limited time offer on eligible Kia vehicles and must be applied as down payment. No cash value. Not all incentive programs are compatible. Additional terms and conditions apply. See your participating dealer for more details. All matters of program eligibility and qualification will be resolved by by Kia America, Inc. ("KUS") in its sole discretion, and KUS reserves the right to change product and program specifications at any time without incurring any obligations. Offer valid from 06-03-2025 - 07-07-2025.

    Program Provider
    Kia
    Expiration Date
    07/08/2025
  • Student/Military/First Responder

    Military Offer

    $500
    Maximum Rebate
    Customers eligible for the Kia America, Inc. ("KUS") Military Specialty Incentive Program must be an active member of, honorably discharged from, retired from, or on disability with the United States Armed Forces or Reserves (includes those that have "national" status from another country and are serving in the United States military) or the spouse of the eligible participant. Eligible customers or his or her spouse must provide a copy of one of the following to a Kia dealer at the time of purchase: a current Earning Statement, a copy of the honorable discharge papers, a bank statement indicating a pension or disability earnings from the United States Armed Forces, or an official document indicating future pension eligibility. Military ID is not a sufficient form of proof of eligibility. If eligible customer is a spouse of participant, proof must be provided of the spousal status by providing proof of marriage (marriage certificate). Applies to new vehicles purchased or leased between 06-03-2025 - 07-07-2025. Customer is only eligible for a total of two (2) Specialty Incentives during a calendar year. This offer may be combined in addition to certain other incentives offered by KUS. See dealer for details. Not all incentive programs are compatible. This incentive is a limited time offer on eligible Kia vehicles. No cash value. Additional terms and conditions apply. See your participating dealer for more details. All matters of program eligibility and qualification will be resolved by KUS in its sole discretion, and KUS reserves the right to change product and program specifications at any time without incurring obligations

    Program Provider
    Kia
    Expiration Date
    07/08/2025
  • Charger Installation

    Third Party EV Charger Offer

    $100
    Maximum Rebate
    Edmunds is partnering with Treehouse, an independent provider of home EV installation services. Edmunds visitors receive a $100 discount when they contract with Treehouse for their home charger installation. Discount excludes permit, hosted inspection, and load management devices. Valid for 30 days.

    To learn more, visit https://treehouse.pro/edmundsdiscount/


    Program Provider
    Treehouse
    Expiration Date
    10/01/2025
  • 2025 Kia EV6

    2025 Kia EV6
    $10,500
    Vehicle Rebates
    $100
    Charging Rebates
    + more qualifying rebates

    MSRP
    $42,900 - $63,800
    Up to 24% savings
    Edmunds Rating
    -
    Max EPA Range
    -
  • 2024 Kia EV6

    2024 Kia EV6
    $100
    Charging Rebates

    MSRP
    $42,600 - $61,600
    Edmunds Rating
    8.31/10
    Max EPA Range
    310 mi.
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Federal EV Tax Credits Overview

Shopping for an electric vehicle (EV) or a plug-in hybrid electric vehicle (PHEV)? According to the landmark Inflation Reduction Act of August 2022, you can get up to $7,500 in tax credits if you purchase an EV or a PHEV, but it very much depends on the make and model you're considering. We'll give you the highlights here and encourage you to visit our in-depth analysis of the Inflation Reduction Act for full details. Additional incentives may be provided at the state and local levels, but our purpose here is to summarize federal EV tax incentives, not state and local incentives.

Federal EV Tax Credit Incentive #1: North American Final Assembly

You can't get any EV tax credits or PHEV tax credits unless the vehicle was assembled in North America, full stop. In the short run, this leaves some automakers out in the cold, but the idea is to create a new incentive to build clean vehicles right here on our home turf. Notably, meeting this final assembly requirement doesn't automatically mean you get a tax credit -- it just gets your foot in the door. Provided that the vehicle is assembled in North America, it may qualify for federal tax credits if further conditions are met. Specifically, the maximum $7,500 federal EV tax credit is made up of two separate $3,750 credits, one targeting EV battery minerals and the other EV battery components.

Federal EV Tax Credit Incentive #2: Origin of Critical Battery Minerals ($3,750 Tax Credit)

As with vehicle assembly, the U.S. government also wants to move the sourcing of critical battery minerals closer to home, at least in terms of trade partnerships. To this end, increasing percentages of critical EV battery minerals must be sourced from the U.S. itself or a U.S. free-trade partner, starting with 40% for 2023. The minimum percentage escalates quickly to 80% by 2027. Unless the EV or PHEV you purchase meets this requirement, you won't have access to at least half of the $7,500 maximum federal EV tax credit.

Federal EV Tax Credit Incentive #3: Origin of Battery Components ($3,750 Tax Credit)

Moving back to the assembly side, the U.S. likewise wants to incentivize the production of battery components at home or in free-trade partner countries. To enable this half of the $7,500 maximum tax credit for 2023, at least 50% of your vehicle's battery components must have been produced in the U.S. or in countries that have free-trade agreements with the U.S. Note that the minimum threshold escalates steadily to a full 100% by 2029, whereas the previous requirement regarding battery minerals stops (for now) at 80% in 2027.

Federal EV Tax Credit Incentive #4: No Involvement by Blacklisted Countries After 2023

Here's another one that's just about getting your foot in the door. In a not-so-subtle shot at China, which jumped out to a big lead in the EV battery business, the U.S. government has stipulated that once the calendar year flips to 2024, the EV or PHEV you purchase won't qualify for federal EV tax credits if any battery components came from a "foreign entity of concern," a short list that includes China, Russia, Iran and North Korea. For 2025, the stipulation will extend to critical battery minerals. Here again we can expect some short-term pain for automakers as they pivot from dependence on Chinese suppliers, but the financial incentives pushing that pivot are strong.

Federal EV Tax Credit Incentive #5: Price Limits

We use the plural because it depends on the type of vehicle you're considering. If it's an SUV, van, or pickup truck, it can't cost more than $80,000 or else it's not eligible for federal EV tax credits. For all other vehicle types, the eligibility limit drops to $55,000. The point of this incentive is to stimulate production of relatively affordable EVs as opposed to ultra-luxury models.

Federal EV Tax Credit Incentive #6: Buyer Income Limits

Finally, there's the question of how much money the buyer makes. Clearly the government wants to incentivize EV purchases within the middle class, because if you file your taxes as an individual, you won't qualify for federal EV tax credits unless you have a modified gross adjusted income (MAGI) of less than $150,000. If you file as head of household, that limit increases to $225,000, while joint filers can have a combined MAGI of up to $300,000.

FAQ


EV Tax Credits Vehicle Eligibility

EV Tax Credit Eligibility Infographic

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