Have you been thinking about making the switch to an electric or hybrid vehicle? Now is the perfect time to do it, thanks to generous tax credits that can save you thousands on your purchase. But don't wait too long - these incentives won't be around forever!
Understanding the Electric & Hybrid Vehicle Tax Credit
So what exactly is the electric and hybrid vehicle tax credit? Put simply, it's a federal incentive that provides a tax credit of up to $7,500 for the purchase of a new, qualified plug-in electric vehicle. The specific credit amount varies based on the vehicle's battery capacity.
To be eligible, the vehicle must be new, have a battery capacity of at least 4 kW hours, and be used primarily in the United States. The credit begins to phase out once a manufacturer has sold 200,000 qualifying vehicles. If you've been eyeing a particular brand or model, it's best to act soon before the credit is reduced or eliminated.
Lynn residents can trust the experts at Michaud Mitsubishi to help determine which vehicles qualify for the tax credit and guide you through the process of claiming it. We'll make it easy to save big on your next green vehicle purchase.
Michaud Mitsubishi near Lynn
At Michaud Mitsubishi in Danvers, MA, we have a great selection of efficient, eco-friendly cars and SUVs that qualify for electric and hybrid vehicle tax credits. Our team is ready to help you find the perfect model to fit your needs and budget. You can shop from home in Wilmington or Woburn and check out our hybrid or EV options in our new Mitsubishi inventory.
Discover the Latest Mitsubishi Electric & Hybrid Vehicles
Mitsubishi is leading the charge when it comes to efficient, future-forward vehicles. The new Mitsubishi Outlander PHEV is an excellent choice for families who want a spacious, capable SUV with plug-in hybrid technology. With 24 miles of all-electric range and an impressive 74 MPGe, the Outlander PHEV delivers outstanding efficiency throughout Medford without compromising performance.
Save Even More with Pre-Owned Electric & Hybrids
In addition to the latest new models, Michaud Mitsubishi also has a variety of pre-owned electric and hybrid vehicles available. Choosing a used alternative fuel vehicle is a smart way to get behind the wheel of a tech-forward, eco-friendly car while enjoying significant savings.
Our pre-owned inventory includes popular models like the Nissan LEAF, Chevrolet Bolt, Toyota Prius, and more. Our service team thoroughly inspects each vehicle to ensure quality and reliability. Plus, you may still be able to take advantage of state and local incentives for used electric and hybrid vehicles, sweetening the deal even further.
Affordable Financing Options for Electric & Hybrid Vehicles
Once you've found the perfect electric or hybrid vehicle at Michaud Mitsubishi, our finance experts will help you land in the driver's seat with a comfortable monthly payment. We offer competitive rates on loans and leases, with terms that work for you.
Benefits of Going Hybrid or Electric
Choosing to finance an alternative fuel vehicle is a smart long-term investment. In addition to the upfront tax credit savings, you'll enjoy lower operating costs over the life of the vehicle. Reduced fuel and maintenance expenses can add up to hundreds of dollars saved each year compared to a traditional gas-powered car.
Take a Test Drive at Michaud Mitsubishi Today!
Ready to experience the excitement of driving electric? Visit Michaud Mitsubishi near Peabody to browse our selection of new and pre-owned electric and hybrid vehicles. Our friendly, no-pressure sales staff will be happy to set up a test drive and answer any questions you may have. Cash in on these hybrid/EV tax credits before they're all out. We look forward to putting you behind the wheel of your efficient new ride.
