EV Chargers

If you buy or lease one of Ford’s EVs, you can get a complimentary home charger and free standard installation through March 31, 2025. If you get any other type of EV, you’ll pay for the charger and installation, but you may qualify for a federal tax credit. For businesses, the credit for qualified refueling property subject to depreciation is 6% of the cost, with a maximum credit of $100,000 for each single item of property (for each charging port, fuel dispenser, or storage property).
Businesses that meet prevailing wage and apprenticeship requirements are eligible for a 30% credit with the same $100,000 limit. For consumers who purchase and install qualified alternative fuel vehicle refueling property for their principal residence, including electric vehicle charging equipment, between December 31, 2022, and January 1, 2033, the tax credit equals 30% of the cost with a maximum amount of $1,000 per item (for each charging port, fuel dispenser, or storage property). But, you can only qualify for tax credit if you’re located in a low-income community census tract or non-urban census tract (which approximately 2/3s of Americans are in an eligible census tract). Also check state-level tax breaks for EV chargers. #IdeaoftheDay