Federal Electric Vehicle Tax Credit
At New England's #1 F-150 Lightning Dealer!
There's a lot of excitement about Federal EV Tax Credits. There's also a lot of questions. At Casco Bay Ford we're here to answer all your questions about how much, which vehicles and how you can get the most savings!
$7,500 Federal Tax Credit Savings!
All F-150 Lightnings here at Casco Bay Ford qualify for the $7,500 Federal Tax Credit.
$3,750 Federal Tax Credit Savings!
All Plug In Hybrid Ford Escapes here at Casco Bay Ford qualify for the $3,750 Federal Tax Credit!
What Tax Credits Do I Get?
Personal Purchase
The Federal Electric Vehicle Tax can either apply to the price at time of sale or be claimed when filing taxes.
Personal Lease
The Federal EV Tax credit is not available on a lease.
Commercial Business
The Federal EV Tax Credit cannot be applied to the purchase price. It can only be claimed when filing taxes.
Income Qualifications
Based on Adjusted Gross Income of either the year you purchase or previous year, whichever is less. If you exceed these thresholds and receive the tax credit at time of sale you will owe it back.
- $300,000 for married couples filing jointly
- $225,000 for head-of-household filers
- $150,000 for all other filers
Casco Bay Ford
1213 Route 1
Yarmouth, ME 04096
Service:207-709-1321
Parts:207-709-1049
Directions