What Should EV Buyers in Albuquerque Know About EV Tax Credits and Charger Incentives?
If you're considering an electric vehicle in New Mexico, you’ll want to be aware of federal EV tax credit deadlines. The Clean Vehicle Credit offers up to $7,500 in tax savings but is set to expire on September 30, 2025, unless extended. There’s also a separate credit for installing a home EV charger, which ends June 30, 2026. Timing matters—these programs won’t be around forever.
Which Chevrolet EVs May Qualify—and How Much Is the Credit?
The federal tax credit maxes out at $7,500 and is split into two part.
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$3,750 based on battery mineral sourcing
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$3,750 based on battery component manufacturing
Some EVs may qualify for the full credit, while others may only be eligible for a portion. Not all vehicles qualify, so it’s critical to confirm eligibility before you buy.
What Are the EV Tax Credit Requirements for Chevrolet Vehicles?
To qualify for the Clean Vehicle Credit, a vehicle must:
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Be brand new at the time of purchase
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Contain a battery with at least 7 kWh capacity
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Be assembled in North America
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Be manufactured by a qualified company
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Remain under the MSRP cap: $80,000 for trucks/SUVs/vans and $55,000 for other vehicles
​​Additionally, the sale must be reported to the IRS, and income limits for buyers apply.
What’s the Deadline for These EV Incentives?
The EV tax credit expires on September 30, 2025, unless extended by new legislation. The home charger credit runs through June 30, 2026. With no guarantee of renewal, acting sooner is the safer option.
How Can Reliable Chevrolet in Albuquerque Help?
Our team can walk you through eligibility and show you which Chevrolet EVs may qualify. We’ll help you make sense of the tax rules and support you through every step of the process—whether you’re buying a new EV or planning a home charging setup.
Ready to Explore Your EV Incentive Options?
Visit Reliable Chevrolet in Albuquerque, NM, or contact us today. We’ll help you make the most of the current federal programs before they’re gone.
