Under the One Big Beautiful Bill Act, which was enacted on July 4, Montgomery County is alerting citizens that a number of federal renewable energy tax credits, including those for electric vehicles (EVs), may expire earlier than anticipated. With further incentives for charging equipment available through June 30, 2026, EV owners can still receive federal tax credits of up to $4,000 for used cars and up to $7,500 for new ones if they take delivery by September 30, 2025.
According to Montgomery County: The One Big Beautiful Bill Act, which President Trump signed into law on July 4, eliminated and updated a number of tax credits for renewable energy technology, including the renewable Vehicle Tax Credit. Don’t worry, though! If you recently bought an EV or have been considering one, you can still claim the tax credit as long as you accept the vehicle by September 30, 2025, at the latest.Certain new EV models qualify for a tax credit of up to $7,500 for buyers who buy or lease them.Additionally, you can get up to $4,000 if you purchase a used EV for less than $25,000. Be aware that only cars bought from a dealership—not a private seller—are eligible for the used EV credit. Remember that there are limitations on household income, car models, and car prices.All eligibility requirements are available on the IRS website.
Although you have a little more time to take action, the Section 30C Tax Credit for EV charging equipment also expires earlier than anticipated. Until June 30, 2026, the tax credit will be accessible on qualified projects.Find out if you qualify here.
The Montgomery County Department of Environmental Protection will continue to collaborate closely with nearby EV dealers to identify cost-saving options and assist citizens and businesses with their EV charging requirements, both with and without the tax credit.
