EV Savings Calculator
Explore the possibilities with Hyundai electric vehicles at Herb Chambers Hyundai of Auburn, where innovation meets sustainability. Our Hyundai dealership near Northborough is ideally positioned to guide you through deciding on an electric vehicle by providing detailed insights into the various state and federal incentives that could make your switch to an electric Hyundai as simple as can be.
Our expert team is dedicated to demystifying the process of obtaining EV tax credits and rebates, ensuring that you receive the maximum benefits available. With our commitment to your satisfaction and a well-equipped lineup of Hyundai electric vehicles, we're here to ensure that your transition to eco-friendly driving is seamless!
How Much Can I Save on a New EV?
Our new electric vehicles nearby offer substantial financial rewards beyond fuel savings. One of the best perks is the clean vehicle tax credit of up to $7,500 with the purchase of an eligible plug-in hybrid or electric vehicle.1 This federal tax credit is designed to make owning an EV more accessible and affordable. However, be mindful of the following MSRP limitations to qualify:
- MSRP can't exceed $80,000 for vans, SUVs and trucks
- MSRP can't exceed $55,000 for all other new vehicles
In addition to federal credits, Massachusetts residents can enjoy the MOR-EV Massachusetts state EV rebate, which can total up to $6,000.1 This rebate further reduces the upfront cost of investing in a clean vehicle. You have two convenient ways to receive this rebate:
- Option 1: Receive your rebate at our dealership when you purchase or lease.
- Option 2: Apply online for this rebate within 90 days post purchase or lease.
Are There Tax Rebates on Used Electric Vehicles?
Yes! You can apply tax rebates to used EVs when you buy a pre-owned electric vehicle nearby. These used EVs in MA and RI are eligible for a federal tax credit of up to $4,000 when fully qualified.1 This provides a financial incentive to consider a pre-owned EV, making it even more affordable to drive an eco-friendly vehicle.
Additionally, the MOR-EV rebate is also applicable to eligible used electric cars, expanding your savings potential even further. Whether you're buying new or pre-owned, these rebates can help you save when you're looking to buy an electric car, encouraging sustainable choices without compromising your budget.
How to Claim Electric Car Tax Incentives in MA
To learn more about potential electric car tax rebates in Massachusetts and how much you can save, call or click to talk with Herb Chambers Hyundai of Auburn. Our team of experts is here to guide you through the process, from understanding eligibility requirements to claiming your tax credits and rebates.
As part of The Herb Chambers Companies, Herb Chambers Hyundai of Auburn has access to the largest selection of new and used vehicles in New England. We're committed to leveraging our expertise to secure new Hyundai electric vehicle incentives for you. For more information on how you can save, visit us online or in person!
Learn More: Sell a Car | Understanding Hybrid & EV
1 Information accurate at time of publication. See dealer for complete details.
