Used EV Tax Credit

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit on EVs. Whether your vehicle qualifies or not is a simple yes or no question, but the amount you may qualify for varies by household due to a number of different factors. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

Online vehicle marketplace Carvana has launched an exciting new feature that makes buying a used EV or PHEV easier than ever. US customers can now take advantage of up to $4,000 in savings at the point of sale through the federal government’s Clean Vehicle Tax Credit. Carvana has successfully streamlined this process, making affordable EVs priced as low as $12,000 much easier to obtain.

Used vehicle online marketplace Carvana has posted a Q1 EV trends report outlining some encouraging metrics for electrification. According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed.