How Do Electric Car Tax Credits Work
in Massachusetts?
Massachusetts Cadillac drivers who are searching for ways to drive greener and save money should head to Mastria Cadillac. We’ll discuss the benefits of owning an EV like the savings on maintenance and fuel costs that they provide, as well as the potential EV tax credits that come with the electric vehicles for sale at our Cadillac dealership near Bridgewater.
Whether you’re wondering about federal or state EV tax incentives in Massachusetts, our team of experts is on hand to guide you through the process. Savor the peace of mind that comes with zero-emission driving, cut your fuel consumption and enjoy significant savings through electric vehicle tax credits in MA.
If you purchase your electric vehicle before September 30, 2025, you may qualify for federal tax credits. There’s also the opportunity to claim Massachusetts EV tax rebates simply by investing in an eligible used or new Cadillac EV at Mastria Cadillac.
Check out the FAQs below for further information on electric vehicles that qualify for tax credits or contact our team for details.
Is the Federal EV Tax Credit Ending Soon?
Yes, the federal Clean Vehicle Tax Credit is scheduled to sunset on September 30, 2025. To take advantage of these valuable tax credits, make sure you purchase your eligible electric vehicle before this date. The program covers qualifying new and used EVs for both personal and business use.
Do EVs Qualify for the New Auto Loan Interest Deduction?
They do! Through December 31, 2028, buyers can deduct up to $10,000 in yearly interest on loans for qualifying new vehicles, including electric cars, hybrids and gas vehicles assembled in the U.S.1
Even as the Clean Vehicle Tax Credit winds down, this deduction gives EV and hybrid customers another great way to save -- especially when choosing brands focused on American manufacturing like General Motors.
How Do I Get My Electric Vehicle Tax Credit?
If your electric vehicle is eligible, you may be able to claim up to $7,500 as tax credit when filing your federal income taxes for the year you acquired the vehicle.1 New Cadillac LYRIQ, OPTIQ and VISTIQ models are all eligible for this tax rebate. However, please note that this federal EV tax incentive will expire on September 30, 2025, so be sure to purchase your vehicle before then if you'd like to take advantage of it.
