When you're ready to purchase a new electric vehicle from Eagle Kia of Riverhead, understanding the available tax credits can maximize your savings and make your investment even more rewarding. Our team is here to help you take advantage of both federal and local incentives designed to support eco-friendly decisions.
Learn about Kia EV tax cred
Maximize Your Savings with Federal EV Tax Credits
One of the most compelling reasons to consider a Kia EV or plug-in hybrid is the potential tax savings. Currently, you may qualify for a tax credit of up to $7,500 when you purchase a new electric vehicle. Both individuals and businesses can take advantage of this incentive, making it an attractive option for a wide range of buyers.
Some popular new Kia EVs include:
- Kia EV6
- Kia EV9
- Kia Niro EV
Some new Kia plug-in hybrids that may also qualify for incentives can include:
- Kia Niro Plug-In Hybrid
- Kia Sorento Plug-In Hybrid
- Kia Sportage Plug-In Hybrid
Eligibility Criteria for EV Tax Credits
To qualify for the federal tax credit, there are a few criteria you must meet:
- Personal Use: The vehicle must be purchased for personal use and not for resale.
- U.S. Usage: The EV must be primarily used within the United States.
- Income Limits: Your modified adjusted gross income (AGI) should not exceed:
- $300,000 for married couples filing jointly or a surviving spouse
- $225,000 for heads of households
- $150,000 for all other filers
New York State EV Incentives
In addition to federal tax credits, New York residents can benefit from the Drive Clean Rebate, which varies based on the model's manufacturer's suggested retail price (MSRP) and all-electric range:
- Greater than 200-mile range: $2,000 rebate
- 40- to 199-mile range: $1,000 rebate
- Less than 40-mile range: $500 rebate
- MSRP greater than $42,000: $500 rebate
Contact Eagle Kia of Riverhead today to learn more about how these credits can benefit you when purchasing a new EV or PHEV. Our knowledgeable staff will guide you through every step of the buying process, ensuring you maximize your savings.
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