EV Tax Credit Information

Earn a Tax Credit on Your Electric Vehicle

When you purchase a new electric vehicle from Hondru Chevrolet of Elizabethtown in Elizabethtown, PA, you are eligible to qualify for a tax credit. Here's everything you need to know about the new money-saving program.

What is the Electric Vehicle Tax Credit?

Last year, President Biden signed the Inflation Reduction Act of 2022 into action, a bill designed to help ensure a greener future. Part of this act offers people who purchase an electric vehicle the opportunity to earn a larger tax credit of up to $7,500.


How to Know if You Qualify for the EV Tax Credit?

If you purchased an electric vehicle in the Lancaster, PA, area, you might be eligible for EV Tax Credit when you file your return. Here are a few guidelines to keep in mind when figuring out if you qualify.

  • Your car must weigh under 14,000 pounds.
  • Tesla and GM vehicles do not qualify.
  • If you lease your car, you unfortunately cannot qualify for the tax credit. You must own your electric vehicle.

What Information to Include When Filing Your Taxes

When you claim your electric vehicle on your taxes this year, there are a few vital pieces of information you must have on hand, including the sales price and date of sale, the vehicle's battery capacity, your vehicle identification number, and proof that you are the owner of the vehicle.

Visit us in the Harrisburg Area for Assistance

If you purchased an electric vehicle near Marietta and would like assistance on earning your tax credit, we at from Hondru Chevrolet of Elizabethtown are more than happy to help. Simply contact us or visit our state-of-the-art showroom in the Middletown, PA, area to speak with one of our qualified employees and get this show on the road.