Kia EV Tax Calculator
Are you interested in transitioning to an electric vehicle? At our Kia dealership near Waltham, we offer extensive guidance on maximizing your electric vehicle savings. The team at Herb Chambers Kia of Burlington is here to help you understand and leverage various EV tax incentives and state rebates.
By choosing us, you gain access to the largest selection of vehicles in New England, including the latest Kia EV models. Let's explore how investing in an electric vehicle can provide significant financial benefits and use our EV tax calculator to learn more!
How Much Can I Save on a New EV?
Our new electric vehicles nearby offer substantial financial rewards beyond fuel savings. One of the best perks is the clean vehicle tax credit of up to $7,500 with the purchase of an eligible plug-in hybrid or electric vehicle.1 This federal tax credit is designed to make owning an EV more accessible and affordable. However, be mindful of the following MSRP limitations to qualify:
- MSRP can't exceed $80,000 for vans, SUVs and trucks
- MSRP can't exceed $55,000 for all other new vehicles
In addition to federal credits, Massachusetts residents can enjoy the MOR-EV Massachusetts state EV rebate, which can total up to $6,000.1 This rebate further reduces the upfront cost of investing in a clean vehicle. You have two convenient ways to receive this rebate:
- Option 1: Receive your rebate at our dealership when you purchase or lease.
- Option 2: Apply online for this rebate within 90 days post purchase or lease.
Are There Tax Rebates on Pre-Owned Electric Vehicles?
Even when you buy a pre-owned Kia EV, you'll still be able to take advantage of tax rebates. These pre-owned EVs in MA are eligible for a federal tax credit of up to $4,000 when fully qualified.1 This provides a financial incentive to consider a pre-owned EV, making it even more affordable to drive an eco-friendly vehicle.
Additionally, the MOR-EV rebate is also applicable to eligible pre-owned electric cars, expanding your savings potential even further. Whether you're buying new or pre-owned, these rebates can help you save when you're looking to buy an electric car, encouraging sustainable choices without compromising your budget.
How to Claim Electric Car Tax Incentives in MA
To learn more about potential electric car tax rebates in Massachusetts and how much you can save, call or click to talk with Herb Chambers Kia of Burlington. Our team of experts is here to guide you through the process, from understanding eligibility requirements to claiming your tax credits and rebates.
Ready to discover how much you can save on a new Kia EV? Our dedicated team is here to assist you with understanding your eligibility for state and federal incentives, ensuring you get the most value from your investment. Use our EV calculator and upgrade to a new Kia EV or PHEV today!
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1 Information accurate at time of publication. See dealer for complete details.
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