You may currently qualify for as much as $7,500 in federal tax credits for purchasing a Ford electric vehicle (EV) or plug-in hybrid EVs (PHEV) and taking delivery before March 2023.*
If you take delivery of your Ford EV or PHEV vehicle after December 31, 2022, then any available tax incentives will be subject to manufacturer suggested retail price (MSRP) caps and adjusted gross income (AGI) limits, as outlined in section 30D of the tax code.
If you take delivery after March 2023, additional IRS restrictions may apply, and these federal tax incentives may not be available. For credit amounts, go to Section 30D Tax Credit Amounts | Internal Revenue Service (irs.gov).
If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022 (for example, because the vehicle has not been delivered), you may claim the tax credit based on the rules that were in effect before August 16, 2022....less
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