Electric Vehicle Tax Benefits at Mastria Subaru
Are you interested in getting the keys to an electric vehicle from Mastria Subaru? Just know that you'll be helping more than the environment, as switching to an EV helps your wallet, too! That's because qualifying electrified vehicles at our Raynham Subaru dealership may be eligible for electric car tax credits and other incentives. As the industry shifts toward EVs, you can get rewarded for doing your part in going green and keep more money in your pocket.
Shop our selection of electric Subaru SUVs like the Solterra and let our team know of any other questions you have. We can help you buy or lease a new Subaru EV in Raynham, reduce emissions and get you the EV tax rebate you deserve!
When Will the Federal EV Tax Credit End?
The federal Clean Vehicle Tax Credit is scheduled to end on September 30, 2025. If you'd like to benefit from these valuable tax savings, make sure to buy your eligible electric vehicle before that date. The current program covers federal tax credits for both new and used EVs, whether purchased for personal or business use, depending on certain manufacturing requirements.1
Do EVs Qualify for the New Auto Loan Interest Deduction?
Yes, now through December 31, 2028, EVs qualify for the new Auto Loan Interest Deduction. This benefit allows buyers to deduct up to $10,000 per year in interest paid on loans for qualifying new personal-use vehicles -- including electric vehicles, hybrids and gas-powered models that are assembled in the United States.1
How to Claim the EV Tax Credit?
Certain all-electric, plug-in hybrid and fuel cell vehicles may be eligible for a federal income tax credit of up to $7,500.1 While there are no new Subaru EVs eligible for this specific incentive, some of our used Subaru electric vehicles and off-make pre-owned models may qualify for a used EV tax credit of up to $4,000.1 Just be sure to come in and complete your purchase before September 30, 2025. We encourage you to speak with our knowledgeable Subaru finance team for more information on eligibility.
Does Massachusetts Offer an EV Tax Credit?
Yes! With the Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) program, qualifying models may be eligible for a state tax incentive between$3,500 and $6,000.1 To be eligible for this tax credit, you must reside in Massachusetts and purchase or lease the qualifying model from a participating dealership, like ours. You will also need to fill out the MOR-EV application to obtain the full credit on your new Subaru Solterra in Raynham.
H2 Tag: New Subaru EVs in Raynham, MA
If you have any further questions about eligible vehicles or how to claim the Massachusetts EV rebate, contact Mastria Subaru in Raynham. We can offer all the information you need on qualifying electric vehicles, EV tax credits and more, so you can locate your perfect new vehicle and take on the road ahead with total confidence and big savings!
More Resources:EV vs. Gas Car Costs of Ownership | Fuel-Efficient Subaru Vehicles
1 Information accurate at time of publishing. See dealer for details.
