What EV Tax Credits Are Available at McKinney Buick GMC?
Right now, you may qualify for a federal tax credit of up to $7,500 when you purchase a new eligible electric vehicle from McKinney Buick GMC. You may also qualify for an additional incentive when you install a home EV charger. These incentives are part of the federal Clean Vehicle Credit program and are only available for a limited time. The EV charger credit ends June 30, 2026, while the vehicle credit is scheduled to end September 30, 2025, unless extended by Congress.
How Do You Qualify for the $7,500 EV Tax Credit?
The credit is split into two parts:
- $3,750 for meeting battery content requirements
- $3,750 for meeting critical mineral sourcing guidelines
Your total credit depends on the EV’s components and assembly location. Some Buick and GMC EVs may qualify for the full amount.
What Are the Requirements for Buick and GMC EVs?
To be eligible, the vehicle must:
- Be brand new at time of purchase
- Include a battery of at least 7 kWh
- Be assembled in North America
- Come from a qualified manufacturer
Price limits apply as well:
- $80,000 MSRP cap for SUVs, trucks, and vans
- $55,000 MSRP cap for all other vehicles
Buyers must also meet income requirements, and the dealership must report the sale properly to the IRS for the credit to be applied.
What Happens If You Wait Too Long to Use the EV Tax Credit?
These credits won’t last. The Clean Vehicle Credit ends September 30, 2025, and the charger incentive expires June 30, 2026. Waiting could mean missing your chance to save thousands on a Buick or GMC EV.
How Can McKinney Buick GMC Help?
At McKinney Buick GMC in McKinney, TX, we can walk you through the EV models that qualify and help you determine your eligibility for the credit. Whether you're shopping now or planning ahead, our team is ready to assist you with every step.
Want to Learn More About EV Tax Incentives?
Reach out to McKinney Buick GMC today to explore your options and take advantage of these limited-time savings.
