EV Tax Credit FAQ

If you've been considering purchasing one of the fine electric Mercedes-Benz models available, an EV tax credit is a compelling incentive, with up to $7,500 available for qualifying new models. To help the community around our Orange Park dealership, we assembled this short guide to understanding the EV tax credit and how you can take advantage of it.

Q: What is the EV Tax Credit?

A: To incentivize people to purchase energy-efficient electric vehicles, the US Federal Government offers a compelling tax incentive to purchase a new Mercedes-Benz EV. The tax credit ranges from $2,500 for low-capacity PHEVs and $7,500 for fully electric vehicles at our Mercedes-Benz dealership.

Q: What Kinds of Vehicles Qualify for the EV Tax Credit?

A: To qualify for the federal tax credit, an EV must be a new model (less than 14,000 pounds) driven by a battery-powered motor that recharges via an outlet or charging station. This covers both plug-in hybrid vehicles (PHEVs) and pure-electric vehicles, such as the stunning Mercedes-Benz EQS.

Q: How Is an EV Tax Credit Applied?

A: A Mercedes-Benz EV tax credit is applied to the taxes you owe for the year in which you purchased your new vehicle from our Mercedes-Benz service center and showroom.

Taking advantage of an EV tax credit is as easy as filling out Form 8936 when you file your taxes annually. Depending upon the specific powertrain of your vehicle and your tax liability, up to $7,500 will be applied against owed taxes.

Q: How Long Will the EV Tax Credit Be Available?

A: By law, the EV tax credit can only be applied to the first 200,000 vehicles that Mercedes-Benz sells. With more luxury electric vehicles hitting the road every year, this national program will not last forever. If you've been considering purchasing a new Mercedes-Benz EV, act before it's too late to capitalize on this outstanding offer.

Explore Your EV Options at Mercedes-Benz of Orange Park

Now that you know a little more about EV tax credits, we encourage you to explore the many outstanding electric vehicles in our inventory. Call or visit us online at Mercedes-Benz of Orange Park today to schedule your appointment!