Electric Vehicle Tax Credits

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Who doesn’t love to save some money? Understandably, shoppers are exceptionally eager to save money when it comes to their next automotive purchase. Thankfully, you can get ahead of the game by getting a deal at Star Chrysler Dodge Jeep Ram in Queens Village combined with federal and state incentives on a PHEV or EV. You get up to $7,500 from the federal government if your household income is less than $300,000 and up to $2,000 from the state of New York. That being said, you’ll pay sales tax based on the original purchase price of the vehicle before any federal and state incentives.

What vehicles qualify for these incentives? From the CDJR family of vehicles, you’ll find the following options:

  • Chrysler Pacifica PHEV (starting MSRP $53,425 before incentives)
  • Jeep Wrangler 4xe (starting MSRP $50,695 before incentives)
  • Jeep Grand Cherokee 4xe (starting MSRP $60,490 before incentives)

The Federal Tax Incentive of Up to $7,500

The federal government is trying to get the people of Jamaica and Elmont to upgrade their vehicles to more environmentally friendly PHEV and EV models. As we mentioned, there are three models available for purchase from the CDJR lineup that qualify: the Chrysler Pacifica PHEV, the Jeep Wrangler 4xe, and the Jeep Grand Cherokee 4xe. The Pacifica qualifies for the full $7,500 tax incentive from the federal government, while the Jeep models qualify for a partial $3,750.

There are a few stipulations to this. First, your household income needs to be less than $300,000 to qualify, so it applies only if the customer is income-eligible. This means that most Floral Park residents will be able to get their hands on this incentive. In addition, you’ll pay sales tax based on the original purchase price of the vehicle before any discounts are applied.

Up to $2,000 from New York State

The state of New York wants to sweeten the deal for you as well. When you purchase a qualifying electric vehicle, you can get up to $2,000 from New York, bringing your potential savings up to $9,500. Ready to explore what you get for yourself? Star Chrysler Dodge Jeep Ram is here to help Elmont and Floral Park drivers.

Star Chrysler Dodge Jeep Ram is Your Savings Destination

Now that you’ve gotten the facts, apply for financing at Star Chrysler Dodge Jeep Ram to get ahead of the game when it comes to your next CDJR purchase. You can also contact us today on our web form to get in touch with a team member. Either way, we can’t wait to help you!