Time Is Running Out: Key Facts
September 30 Deadline
The $7,500 federal EV tax credit officially expires on September 30, 2025 with no guaranteed replacement.
Multiple Qualifying Models
Sierra EV, HUMMER EV, Blazer EV, Equinox EV, and Silverado EV all potentially qualify.
Income Limits Apply
Your modified adjusted gross income must be below specific thresholds to qualify.
EV Tax Credit Ending in September: What to Know
If you've been thinking about making the switch to electric, now's the time to move. The federal EV tax incentive, worth up to $7,500, is set to expire for many buyers on September 30, 2025. At GMC of Riverfront Park in Spokane, WA, we've been receiving numerous questions about what this means, how it affects local shoppers, and how you can still take advantage before the deadline. Whether you've had your eye on the GMC Sierra EV, the Chevy Blazer EV, or the Silverado EV, this is your chance to lock in significant savings before the clock runs out.
Let's break down what the EV tax credit is, why it's ending, and—most importantly—how to claim the $7,500 EV tax credit before the deadline.
What Exactly Is the EV Tax Credit?
The federal EV tax incentive has been in place in one form or another for years, designed to encourage the switch to EVs. In its current version, eligible new EV buyers can claim up to $7,500 in tax savings when they purchase qualifying models. The amount you receive depends on factors such as where the vehicle is assembled, the origin of its battery materials, and your personal tax situation.
For GMC customers, this means that select GMC EV vehicles—such as the Sierra EV, HUMMER EV SUV, and the HUMMER EV Pickup—currently qualify for the GMC EV tax credit. But that window is closing soon.
Why Is the EV Tax Credit Ending?
The short answer: policy changes. The EV tax credit was part of a larger federal effort to encourage more drivers to get behind the wheel of electric vehicles, but it was never intended to last forever. With strict sourcing rules for battery components and final assembly, fewer and fewer models have been able to qualify—and income limits have already cut out some buyers.
On September 30, 2025—the official EV tax credit ending date—the current federal EV tax credit officially disappears. Once it's gone, it's gone. So, will the EV tax credit be available in 2025 after September? Unfortunately, there's no guarantee. There's no replacement program lined up, no assurance it will return in the same form—or at all. If you've been considering an EV, this is truly your last chance to take advantage of this historic incentive.
Do You Qualify for the EV Tax Credit?
Income Requirements
Your modified adjusted gross income must be below:
- $150,000 for married couples filing jointly
- $112,500 for heads of household
- $75,000 for single filers and other taxpayers
You can use your income from either the year you take delivery or the previous year, whichever is lower.
Qualifying Vehicles
These GMC and Chevy models currently qualify for the tax credit (depending on trim and configuration):
- 2024–2025 GMC Sierra EV (select trims)
- 2024–2025 GMC HUMMER EV Pickup
- 2024–2025 GMC HUMMER EV SUV
- 2024-2025 Chevy Blazer EV
- 2024-2025 Chevy Equinox EV
- 2024-2025 Chevy Silverado EV
Important Note:
The dealer must provide you with a time-of-sale report and register the sale with the IRS for you to claim the credit. Be sure to keep all documentation.
How to Claim Your $7,500 Tax Credit Before It Ends
Here's the process for securing your savings before the EV tax credit expires on Sept. 30:
1. Pick an Eligible Vehicle
At GMC of Riverfront Park, we can show you exactly which GMC EV vehicles qualify.
2. Confirm Your Eligibility
Check your income against the EV tax credit 2025 income limit.
3. Purchase Before Deadline
To receive the credit, you must finalize your purchase by September 30, 2025.
4. File With Your Taxes
Submit IRS Form 8936 to claim the federal EV tax incentive.
Why You Shouldn't Wait Until the Last Minute:
We've seen it happen before: a deadline approaches, and suddenly demand skyrockets. EVs like the Chevy Equinox EV, Sierra EV, and HUMMER EV Pickup are already in high demand, so inventory may be tight as we approach the end of the EV tax credit. Waiting until the final weeks of September could mean fewer choices—or missing out entirely.
Qualifying Electric Vehicles
FAQ: EV Tax Credit Ending in September
Q: What's the EV tax credit ending date?
A: September 30, 2025, for the current version of the credit. After that, the credit disappears entirely.
Q: Which GMC EV vehicles qualify right now?
A: The GMC Sierra EV, HUMMER EV SUV, and HUMMER EV Pickup currently qualify, depending on trim and configuration.
Q: What's the EV tax credit 2025 income limit?
A: $75,000 for single filers, $112,500 for head-of-household, and $150,000 for joint filers.
Q: Will the EV tax credit be available in 2025 after September?
A: It's uncertain, but the current $7,500 credit is set to expire.
Q: How do I claim the $7,500 EV tax credit?
A: Purchase or lease a qualifying vehicle before the deadline, meet the income requirements, and file IRS Form 8936 with your taxes—or have it applied at the point of sale.
Q: Are there state EV incentives in Washington?
A: Yes, Washington offers its incentives for qualifying electric vehicles, which can sometimes be combined with the federal EV tax incentive.
Time Is Running Out - Act Now!
Our EV specialists can help you find qualifying models and explain the tax credit process before the September 30 deadline.