As many may already know, the federal government is winding down the availability of federal EV tax credits. As of this writing, the EV tax credit expiration date is set for September 30th, 2025, which is quickly approaching. If you want to claim your federal EV tax credit savings, our advice is simple: buy a new electric Chevy or GMC near Fargo today!
The Puklich Chevrolet GMC team is committed to helping you maximize these government incentives before time runs out. If you're shopping for a new electric vehicle in North Dakota, now is the perfect time to visit our trusted local Chevy and GMC dealership and secure your EV before the deadline.
The Federal EV Tax Credit Expires September 30th, 2025
With the federal EV tax credit going away, it's crucial to act before September 30th to take advantage of these savings. After this expiration date, new electric vehicles will no longer qualify for federal tax incentives, potentially increasing your overall purchase costs.
New Car Loan Interest Rate Tax Deductions
While no EV-specific savings will be available after September 30th, new rules will be coming into effect that may allow shoppers to deduct up to the first $10,000 of interest paid on new car loans. Like many tax deductions, there is specific guidance governing eligibility, including:
- Income Limitations: You must have a modified adjusted gross income of less than $100,000 for single filers and $200,000 for joint filers.
- Vehicle Limitations: Qualifying vehicles must be new and weigh less than 14,000 pounds. Used cars do not qualify.
- Manufacturing Origins: Qualifying vehicles must be built in the United States.
For more details on this new interest deduction, reach out to Puklich Chevrolet GMC. We're dedicated to keeping car shoppers informed and confident as they navigate these upcoming changes, so trust us to communicate everything you need to know.
Puklich Chevrolet GMC: Fargo's EV Headquarters
With the September 30th expiration date fast approaching, now is the time for Fargo GMC and Chevy fans to make the switch to electric. We not only offer a range of new EVs for sale that qualify for federal tax savings, but are also your experts when it comes to North Dakota electric car sales and service. Our auto finance team is well informed of all 2025 EV tax credit changes, so you won't miss out on valuable federal incentives before they're gone.
We encourage Valley City Chevy fans to schedule an Equinox EV test-drive, explore our Silverado EV specials and ask any questions you have to our local experts. Whether you're trading up from your current electric Chevy or are considering your first GMC EV, our team is committed to helping you make an informed, cost-effective decision!
Secure EV Tax Credits Near Fargo Now!
As the EV tax credit expiration date draws near, it's more important than ever for Fargo Chevy fans to act quickly -- delaying a purchase after September 30th could mean missing out on thousands in potential savings. Contact Puklich Chevrolet GMC today to schedule your EV test-drive and claim federal EV tax credits before it's too late!
Read More: Why Finance a Chevy? | Your Hometown Car Dealer | Why Buy from Us?