IRS INTRODUCES NEW $4,000 CREDIT FOR PREOWNED ELECTRIC VEHICLES...AND THE BEST PART? WE'LL APPLY IT RIGHT WHEN YOU BUY!

In a groundbreaking move to promote eco-conscious transportation, the Internal Revenue Service (IRS) has rolled out a tax credit program offering up to $4,000* (or 30% of the purchase price) on preowned electric vehicles (EVs) and electric plug-in hybrids. This initiative aims to spur individuals towards sustainable transportation choices while aiding in the reduction of carbon emissions. Let's delve into the specifics of this tax credit and how it benefits both the environment and your finances.

Understanding the Tax Credit: The IRS's tax credit for preowned electric vehicles is part of a broader push towards cleaner energy solutions and reduced reliance on fossil fuels. Those who purchase qualifying used electric and hybrid vehicles now stand to gain a tax credit of up to $4,000*, providing a substantial financial incentive to transition to electric transportation.

Eligibility Requirements: To qualify for the IRS tax credit, specific criteria must be met. The vehicle must be a certified plug-in electric drive motor vehicle with a gross vehicle weight rating (GVWR) of under 14,000 pounds. Additionally, the EV must be intended for personal use rather than resale. We've taken steps to include numerous qualifying preowned electric vehicles in our inventory to ensure your eligibility for the tax credit.

How the Credit Works: Here at Hanna Imports of Raleigh, we're registered and licensed with the IRS, uniquely positioned to handle the required paperwork right at the point of sale, ensuring you receive the credit instantly. No need to cover all costs upfront and then navigate IRS submissions on your own-we're authorized to handle it for you. Our listed prices for qualifying EVs include the IRS credit opportunity. Refer to IRS restrictions below*.

Discover The Savings

Benefits Beyond Financial: Beyond the financial advantages of the IRS tax credit, opting for a preowned electric vehicle offers additional perks. Electric vehicles boast lower operational expenses, reduced maintenance needs, and a positive environmental footprint. By selecting an electric vehicle, you contribute to the broader goal of fostering a sustainable, cleaner future.

In Conclusion: The IRS's move to provide a tax credit for preowned electric vehicles marks a significant stride in promoting environmentally conscious transportation choices. This credit not only yields financial benefits but also encourages us all to make meaningful contributions to the environment. As we collectively work towards a greener future, leveraging incentives like the IRS tax credit can make the switch to electric vehicles even more enticing. Make a wise, sustainable decision by exploring the realm of preowned electric vehicles and unlocking the benefits that extend far beyond the road. For further information, visit the IRS website at by clicking here.