Subaru EV Tax Credits
Make the most of your next vehicle purchase by opting for a new or used EV in Michigan from Hodges Subaru. By opting for a new Subaru EV or used electric car, you're not only contributing to the environment but you're also saving money along the way.
Between their lower maintenance costs and the savings on fuel they provide, electric vehicles may also provide a boost in savings by qualifying for the federal EV tax credit. Contact or visit our Subaru dealership near Warren to speak with our team and make an informed decision on purchasing an electric vehicle!
Why Buy Used Electric Cars in Michigan?
While new Subaru EVs nearby such as the Solterra don't qualify for the federal EV tax credit, there are still significant benefits to opting for a pre-owned electric vehicle. Purchasing a used EV allows you to contribute positively to the environment and also helps you save on the initial cost compared to a brand-new model.
There's even a possibility that your used EV qualifies for up to a maximum credit of $4,000!1
Check out our selection of used cars for sale in Ferndale to see if any models from our inventory catch your eye, then schedule a test-drive at your convenience.
What Is the Federal Used EV Tax Credit?
Although electric Subaru models like the new Subaru Solterra fail to meet the requirements for federal EV tax credits, that shouldn’t stop your search for an eco-friendly vehicle. That's because we have pre-owned models that come loaded with value and potential tax savings waiting for you at Hodges Subaru.
Chat with our team to explore our selection of used EVs and identify the best options for your needs. To qualify for the federal used EV tax credit, a vehicle must meet the following requirements:1
- Have a sale price of $25,000 or less.
- Have a model year at least two years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2024 would need a model year of 2022 or older.
- Not have already been transferred after August 16, 2022, to a qualified buyer.
- Have a gross vehicle weight rating of less than 14,000 pounds.
- Be an eligible FCV or plug-in EV with a battery capacity of least seven kilowatt hours.
- Be for use primarily in the United States.
Does Michigan Offer an EV Tax Credit?
Currently, the state of Michigan does not offer its own EV tax credit. However, this doesn't mean you can't enjoy the benefits of driving an electric vehicle. Choosing a used EV can provide immediate savings and reduced long-term maintenance costs, even without additional state incentives.
Visit Our Electric Car Dealership Near Me
If you're thinking about buying a new or used electric car near Warren, contact Hodges Subaru. We'll tell you about the benefits of buying a new Solterra EV as well as showcase why so many love the value that comes from driving a pre-owned electric SUV or sedan. Explore EV tax credit requirements with our experts and discover an eco-friendly car that delivers additional savings and so much more!
1 Information accurate at time of publishing. See dealer for details.
