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Electric vehicle tax credits, rebates and other incentives

2 results
  • Bonus Offer

    Customer Cash

    $10,000
    Maximum Rebate
    Retail customers may be eligible for cash incentive. Incentive may not be combined with NMAC Lease or Special APR financing. Residency restrictions apply.

    Program Provider
    Nissan
    Expiration Date
    08/05/2025
  • EV Rebate

    Air District EV Offer

    $7,500
    Maximum Rebate

    The California Air Resources Board (CARB) through the Driving Clean Assistance Program (DCAP) offers two pathways for applicants: the Clean Cars 4 All route or Financial Assistance route. The path outlined here is for the Financial Assistance, offering a standard down payment assistance grant of $7,500 towards the purchase or lease of an eligible battery electric vehicle. Scrapping and replacing a vehicle is not required. Check with your local Air District for any available programs that may take precedence over the DCAP programs. To qualify:

    • Income eligible applicant must be a California resident.
    • Application approval required prior to purchasing or leasing from an authorized participating dealership.
    • Maximum purchase price of replacement vehicle not to exceed $45,000 and must be on the CARB New Vehicle Eligibility List.
    • Previous participation in other CARB funded programs may affect eligibility.

    Additional information:

    • For the $7,500, must have an income at or below 300% of the current Federal Poverty Level as defined by the U.S. Department of Health and Human Services.
    • Participants may qualify for an additional charging grant, choosing between $2,000 for the purchase and install of Level 2 home charging equipment or $2,000 for a public charging card.
    • Fair financing may be available, capped at $45,000 with an interest rate no more than 8%.

    To learn more, visit Driving Clean Assistance Program


    Program Provider
    California Air Resources Board (CARB)
    Expiration Date
    01/01/2026
  • Loyalty

    Loyalty Offer

    $1,000
    Maximum Rebate
    Any current Nissan or Infiniti owner or lessee may receive a Customer Loyalty offer towards the Purchase or Lease of a select vehicle when financed with Special APR rate or leased through NMAC. See your Nissan retailer for complete details.

    Program Provider
    Nissan
    Expiration Date
    08/05/2025
  • 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 Nissan ARIYA

    2025 Nissan ARIYA
    $17,500
    Vehicle Rebates
    $100
    Charging Rebates
    + more qualifying rebates

    MSRP
    $39,770 - $54,370
    Up to 44% savings
    Edmunds Rating
    7.2/10
    Max EPA Range
    289 mi.
  • 2024 Nissan ARIYA

    2024 Nissan ARIYA
    $7,500
    Vehicle Rebates
    $100
    Charging Rebates

    MSRP
    $39,590 - $54,190
    Up to 19% savings
    Edmunds Rating
    -
    Max EPA Range
    304 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.

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