Take Advantage of Tax Credits at Hilltop Ford Near Oakland, CA

EV tax credits have helped grow the EV industry. As more drivers choose EVs, the rules about tax credits have evolved. Drivers in the San Francisco Bay Area turn to the experts at Hilltop Ford to learn about the tax credits for their favorite Ford EVs. As the fate of EV tax credits is uncertain, our team can help you take advantage of them while they last.

What’s the EV Tax Credit?

EV tax credits have been offered to US taxpayers who choose a qualified EV or plug-in hybrid EV. Drivers who choose an EV must have an income below a specific threshold, and the EV must meet specific price and manufacturing qualifications.

If you qualify for the tax credit, you can claim the credit on your income taxes in the following year. You can also transfer it to an eligible dealership, like Hilltop Ford in Richmond, CA, to lower the cost of the vehicle at the point of sale.

Unfortunately, not all EVs qualify for tax credits, so we recommend checking with the Hilltop Ford finance team to determine if your favorite model is eligible. Taxpayers who want to use tax credits for a new EV must commit to driving the EV for personal use, not to resell. Modified adjusted gross income must not exceed $300,000 for married couples filing jointly, $225,000 for heads of household, or $150,000 for other filers.

What Ford EVs Qualify for a Tax Credit?

As of publishing, a few Ford EVs still qualify for tax credits. Even though Ford manufactures several EVs, only three Ford F-150 Lighting models are eligible for tax credits. The F-150 Lighting FLASH trim made in 2024 and 2025, the F-150 Lighting LARIAT trim built between 2023 and 2025, and the F-150 Lightning XLT trim built between 2023 and 2025 are eligible.

To qualify for the EV tax credit, the Ford F-150 Lightning models must have an MSRP of $80,000 or less. If the vehicle and the driver qualify, the tax credit is $7,500.

Several pre-owned Ford EVs can qualify for a federal tax credit of up to $4,000. Those models include the Ford Mustang Mach-E built between 2021 and 2023, the F-150 Lightning Standard Range built between 2022 and 2023, along with several others. To qualify, pre-owned Ford EVs must be priced below $25,000.

Why Choose an EV from Hilltop Ford?

The Hilltop Ford team is here to support you during your EV journey. We can help you with charging at home and on the road. Our service team has the tools and knowledge to help with EV maintenance, so your EV ownership is stress-free and easy.

Explore the Inventory of Ford EVs at Hilltop Ford in Richmond, CA

We invite you to browse our new and pre-owned inventory of Ford EVs online, then visit our dealership in Richmond to take your favorite for a test drive. Our finance team can help you take advantage of the EV credit while it lasts.