What Used EVs and Plug-In Hybrids Qualify for $4,000 in Savings

Posted Wednesday, Sep 04, 2024

Used Cars for Sale in Lincoln, NE

Are you looking to save $4,000 on a used electric vehicle (EV) or plug-in hybrid? Now is the perfect time to go green with your next car purchase. With historically low prices and a vast supply of used EVs and hybrids, there’s never been a better opportunity to make the switch to electric. But not every EV or hybrid qualifies for this incredible savings. So, what are the rules to ensure your vehicle is eligible?

Requirements for a Qualifying EV or Plug-In Hybrid

To take advantage of the $4,000 savings, your vehicle must meet specific criteria:

  • Qualified Manufacturer: The vehicle must be made by a qualified manufacturer that meets IRS requirements.
  • Price Limit: The sale price of the vehicle must be $25,000 or less.
  • Model Year: The vehicle must be at least two model years older than the calendar year in which you purchased it. For instance, if you’re buying in 2024, the vehicle should be a 2022 model or older.
  • Transfer Date: The vehicle must not have been transferred to a qualified buyer after August 16th.
  • Usage: The vehicle must be used primarily in the United States.
  • Weight Limit: The gross vehicle weight rating (GVWR) of the vehicle must be less than 14,000 lbs.
  • Battery Requirements: It must be an eligible fuel cell or plug-in electric vehicle with a battery capacity of at least seven-kilowatt hours.

Ready to Save $4,000 on Your Next EV or Plug-In Hybrid?

Want to see which models qualify for this incredible savings? Check out the full list by following the link in the description. If you’re ready to start shopping, click the button below to browse our inventory of qualified vehicles.

Have more questions? Watch more of our videos or give us a call. We’re here to help you make the best decision for your next vehicle purchase. Thanks for reading!