Edmunds EV Buying Guide
Thinking about buying an electric vehicle? Our comprehensive EV Buying Guide can help, no matter what stage of the process you’re at. Find out what you need to know before you buy, including differences between electric vehicle types, understanding range calculations, charging capacities and more.
Electric Vehicle 101
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EV Tax Credits and Incentives
Research EV Tax Credits, Rebates and Other Incentives
Federal Credit
$7,500Maximum RebateUnder 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
Military Offer
$750Maximum RebateFor well-qualified clients who meet the Military Appreciation Offer criteria, subject to approval by AFS. Offer is for an eligible 2024 or newer ZDX or 2025 or newer Integra, ADX, TLX, RDX, or MDX vehicle. Only one $750 Military Appreciation Offer per vehicle. $750 towards capitalized cost reduction or down payment assistance with the lease or purchase of an eligible new and not previously reported sold Acura vehicle. Offer cannot be combined with Zero Due at Signing leases. Offer applies to eligible Active-Duty U.S. Military and Ready Reserve and their spouses; eligible U.S. Military Veterans within two years of separation from active service and their spouses; eligible U.S. Military Retirees within two years of separation from active service and their spouses; and eligible Gold Star family members. Offer not valid on Acura Certified Pre-Owned vehicles or used vehicles. Offer valid through March 31, 2026 and may be terminated at any time. NOTE: During the term of the retail installment finance contract or lease with Acura Financial Services, buyer may not take their vehicle outside of the United States without prior written consent of Acura Financial Services. During the term of the retail installment finance contract or lease, buyer must notify Acura Financial Services immediately of any change in buyer's address.Student or College Grad Offer
$500Maximum RebateFor well-qualified clients, subject to approval by AFS. Only one $500 Acura Graduate Offer per vehicle. Offer cannot be combined with Zero Due at Signing leases. Offer not valid on Acura Certified Pre-Owned vehicles or used vehicles. Offer valid through March 31, 2026 and may be terminated at any time. Bonus offer applies toward any new 2024 or newer ZDX or 2025 or newer Integra, TLX, ADX, RDX or MDX vehicles. Acura when financed or leased through Acura Financial Services. Only offered at participating dealerships. $500 applied toward down payment or cap cost reduction assistance to any eligible college graduate when financed or leased through AFS. Verifiable proof of employment or firm commitment from an employer required. Must have graduated in the past two years or will graduate in the next six months. Must provide copy of Diploma or college transcripts with proof of graduation eligibilityUtility EV Charger Offer
$250Maximum RebateMississippi Power offers EV owners a rebate of up to $250 towards the installation and cost of a Level 2 charging station.
To qualify for this rebate, the customer and/or charging station must meet the following requirements:
- Receive electricity from Mississippi Power.
- Have an electric or plug-in hybrid vehicle.
To learn more, visit https://www.mississippipower.com/residential/products-and-services/electric-vehicles.html
EV Videos
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First Look: 2024 Acura ZDX Electric SUV | An Electrfiying Comeback
The Acura ZDX is back, though only in name. Instead of a funky-looking slant-backed SUV.