Are You Eligible for EV Tax Credits at Van Cadillac in Springfield, MO?
The federal Clean Vehicle Credit can reduce your upfront cost on a new electric vehicle by up to $7,500. At Van Cadillac in Springfield, we help buyers understand how to qualify and apply the credit while it's still available.
How much tax credit can I receive when purchasing an EV?
The total $7,500 credit is based on two requirements:
- $3,750 if the EV meets critical mineral sourcing rules
- $3,750 if the EV meets battery component sourcing guidelines
What are the eligibility requirements for vehicles to qualify for the credit?
To qualify, a vehicle must be new, have a battery capacity of at least 7 kilowatt-hours, weigh less than 14,000 pounds, be manufactured by a qualified company, and have its final assembly in North America. There are also price limits: $80,000 MSRP for vans, SUVs, and pickup trucks, and $55,000 for other vehicle types. Sellers must report buyer information to the IRS to confirm eligibility.
When Do These EV Incentives Expire?
The Clean Vehicle Credit program is currently scheduled to expire on September 30, 2025. The home EV charger installation credit will expire earlier, on June 30, 2026. Both deadlines could change if Congress extends these programs.
How Van Cadillac Helps You Navigate the EV Purchase Process
At Van Cadillac in Springfield, our team is here to guide you through every step of the EV purchase process. We’ll help verify which Cadillac EVs in our inventory meet federal credit requirements, review your eligibility based on IRS income limits, and help with the necessary IRS reporting. We also provide information on any local or state incentives available in Missouri. If you have questions about EV tax credits or want to better understand your options, contact Van Cadillac today—we’ll make sure you’re informed and ready to move forward with confidence.
