Discover the Tax Benefits of a Volkswagen Electric Vehicle

If you are shopping for an electric vehicle in Fall River, MA, you may be wondering what tax benefits allow you to save at purchase. Well, there is some good news for you. Along with offering many environmental benefits and savings on fuel, there is also a way you can save big with a Federal tax credit.

Volkswagen Fall River is proud to offer shoppers around Stafford Road a range of all-electric models, so you can fully take advantage of these federal tax benefits. We want to share all that goes into the electric vehicle Tax Credit. We also detail what VW vehicles are available for the tax credit. Plus, we'll tell you some of the initiatives we are involved in to create a brighter future. If you have any questions about our dealership or electric vehicle inventory, please get in touch with us at your convenience.

What is The EV Federal Tax Credit?

West Port, MA drivers are looking to buy an electric vehicle in the United States for personal use. Vehicles eligible for this tax credit include qualified plug-in and fuel-cell electric vehicles. Further, every eligible vehicle gets a base credit of $2,500 or $3,750, depending on its manufacturing and delivery date. In addition to both battery components requirements, the total credit can go up to $7,500.

Other requirements for the Federal tax credit include the final assembly for the vehicle being done in the United States of America. The gross vehicle weight rating may not exceed 14,000 pounds and have a battery capacity of at least seven-kilowatt hours.

Which Volkswagen Electric Vehicle Qualify for the Electric Vehicle Federal Tax Credit?

The all-electric Volkswagen ID.4 is the only current eligible vehicle for a Federal Tax credit. The new VW ID.4 features many features and options that make getting around Tiverton a breeze. It also provides the convenience of charging the vehicle from your home near Portsmouth, RI, using a wall box charger.

In addition, you can save time on the go with available three years of unlimited 30-minute charging sessions at an eligible DC fast charging station, along with saving on scheduled maintenance on the vehicle. You will never have to worry about refueling the vehicle, along with knowing your vehicle produces zero emissions.

Future Volkswagen vehicles that may be eligible for the Federal tax credit include the all-new VW Buzz as well as VW ID.7. Both vehicles will arrive at our dealership in the future.

Does the State of Massachusetts Offer Electric Vehicle Tax Benefits and Incentives?

The short answer to the question is yes. The Massachusetts Department of Energy Resource for Electric Vehicles (MOR-EV) program offers local drivers, non-profit organizations, and businesses a credit of up to $3,500 toward purchasing or leasing eligible electric vehicles.

Building a Better Tomorrow at Volkswagen Fall River

At our dealership near the South Watuppa Pond, we proudly serve the local community with our 12 charities for 12 months. Each month, we partner with a local community project or foundation to donate and provide help to local community outreach as well as youth sports, cancer research, animal rescue, and so much more. In addition, we aim to make our dealership efficient and provide the space to charge up electric vehicles.

When you are ready, we invite you to contact our team to schedule a time to come in and browse our new inventory of all-electric VW ID.4 models. Our dealership is a short drive from Anthony Street near Fall River, MA. We look forward to working with you soon.