On July 4, President Trump signed the "One Big Beautiful Bill Act" which repealed and revised many tax credits for clean energy technologies, including the Clean Vehicle Tax Credit. But don't worry! If you've recently purchased or have been dreaming about an EV, you can still claim the tax credit if you take delivery of the vehicle on or before September 30, 2025.
Buyers can receive up to $7,500 tax credit for the purchase or lease of select new EV models.
If you buy a used EV priced under $25,000, you can also receive up to $4,000. Note that the used EV credit is limited to vehicles purchased through a dealership, not private sales.
Keep in mind that restrictions apply on household income, vehicle price. and vehicle models. Check out the IRS website for all eligibility rules.
The Section 30C Tax Credit for EV charging equipment .also ends earlier than expected, but you have slightly more time to act. The tax credit will be available on eligible projects until June 30, 2026. Look up your eligibility here.
With and without the tax credit, DEP will continue to work closely with local EV dealers to highlight savings opportunities and help residents and businesses with their EV charging needs.
