Ford EV Tax Credit Overview
Transitioning to a new Ford electric vehicle comes with a host of advantages that go beyond reducing your carbon footprint -- including saving big through federal and state EV tax incentives. These electric car tax rebates can appear complex, which is why the Plaza Ford sales team is here to assist.
We'll help you go over the basics of the electric vehicle tax credits, then let you know what you're eligible for when you stop by our lot. We can't wait to see you soon at our Ford dealership near Forest Hill!
Are Ford EVs Eligible for Federal Electric Car Tax Incentives?
Yes! Both all-electric and plug-in hybrid Ford vehicles are eligible for federal EV tax rebates according to 2024 guidelines. Ford is also working to expand their lineup of electric Ford vehicles, as well as ensure that as many of their vehicles meet the requirements to qualify for these rebates as possible.
The following new electric Ford vehicles qualify for federal EV tax credits:
Model
- Ford Escape Plug-in Hybrid
- F-150 Lightning (Extended Battery Range)
- F-150 Lightning (Standard Battery Range)
Vehicle Type
- PHEV
- EV
- EV
Credit Amount
- Up to $3,7501
- Up to $7,5001
- Up to $7,5001
Do Used EVs Qualify for Tax Rebates?
Yes, some used Ford EVs mayqualify for federal electric car tax credits. This credit equals up to 30% of the sale price, with a maximum credit of $4,000. 1Contact Plaza Ford for more details and to see if the pre-owned EV you're interested in is eligible.
Is there a Maryland EV Tax Credit?
The Maryland Excise Tax Credit offers EV drivers up to $3,000 for qualifying zero-emission plug-in electric or fuel cell electric vehicles. 1 Additionally, you may also be able to take advantage of an EV tax rebate that covers 40% of the costs associated with EV charging equipment and installation -- up to $700 for individuals. 1 These are just some of the many benefits of buying a Ford EV in Maryland.
Electric Ford Sales Near Me
Find out more about what EV tax credits you may be able to take advantage of by visiting our local Ford dealer. From claiming federal tax rebates to Maryland state EV incentives, there are plenty of ways to save when you buy an Escape PHEV or F-150 Lightning near Forest Hill!
1Information accurate at time of publishing. See dealer for details.