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GMC EV Federal Tax Credit Info At Jones Buick GMC Casa Grande

GMC Electric Vehicles
New Sierra EV Vehicles
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If you've been asking, "Can I really get $7,500 back when I buy or lease a new GMC electric truck or SUV?" you'll want to browse this EV tax credit page. The short answer is yes, you can earn up to $7,500 in credits when you buy or lease new GMC electric vehicles at Jones Buick GMC Casa Grande.1 You can also access federal EV tax credit for pre-owned GMC electric models – but only through September 30, 2025.2 Want to know the complete details about the federal tax credit for electric cars? 2025 is a year of significant change, but we can guide you through this sustainable driving incentive.

Reference this page to better understand everything from the EV tax credit and home EV charging station deductions to electric car maintenance costs and the safest electric cars. Let's get started.

EV Tax Credit at a Glance: Current & Future Regulations

  • Through September 30, 2025: Up to $7,500 in federal EV tax credit is available for eligible new GMC electric vehicles, namely the Sierra EV.1
  • North-American Assembly & Sourcing: Through the September deadline, EVs and PHEVs assembled in North America that meet battery components and critical minerals sourcing requirements qualify for the EV tax credit.2
  • MSRP Caps: New vehicle MSRP must be at or below $80,000 for trucks and SUVs to be eligible for the current tax break.2
  • Income caps: Through September 30, 2025, tax-credit-eligible income caps for new and used EVs and PHEVs differ – we'll explain more below.2
  • Effective for 2025 Through 2028: Financed vehicles assembled in the U.S., including EVs, should qualify for a $10,000 annual tax deduction.3
  • New Income Caps: Under the new bill, modified adjusted gross income (MAGI) must equal or be less than $200,000 (joint filing) or $100,000 (any other status).3
  • Through June 30, 2026: Home EV charging station credits worth 30% of equipment and installation costs or a maximum of $1,000 will still be available.4

Applying Your EV Tax Credit: 2025 Qualifying GMC & Buick Vehicles

At this time, Buick has a fantastic lineup of premium vehicles, but the brand does not offer any EV-tax-credit qualifying options. However, GMC does have multiple trims that meet U.S. tax requirements.

GMC EV Federal Tax Credit Eligibility

Only one of our GMC electric vehicles qualifies for the EV tax credit under the current law that's in effect through September 30, 2025: the new Sierra EV for sale. Select any of the following Sierra EV models to enjoy up to $7,500 in GMC Sierra EV tax credit through September 30, 2025:

  • 2025 Sierra EV Denali Extended Range
  • 2026 Sierra EV Elevation Standard Range
  • 2026 Sierra EV Elevation Extended Range
  • 2026 Sierra EV AT4 Extended Range
  • 2026 Sierra EV Denali Standard Range
  • 2026 Sierra EV Denali Extended Range

We also anticipate continued tax breaks for the Sierra EV through 2028 due to its U.S.-based manufacturing and sourcing of battery materials.

As much as we love the luxe interiors, shocking road presence, and commanding specs of the new Hummer EV Pickup and Hummer EV SUV, these models don't qualify for EV tax credit under the current law because of their MSRPs. However, both vehicles will likely qualify for a $10,000 tax deduction under the new "No Tax on Car Loan Interest" provision of the recently enacted bill. You can also enjoy reduced costs when you shop Jones Buick GMC Casa Grande thanks to our Hummer EV lease specials!

Income & MSRP Requirements for Federal EV Tax Credit

We've split this category into two sections, covering the soon-to-end EV tax credit that's available until September 30, 2025 and the now-in-effect tax deduction on U.S.-manufactured vehicles.

EV Tax Credit: Valid Through September 30, 2025

  • New EVs and PHEVs with MSRPs not exceeding $80,000 (truck, van, or SUV) or $55,000 (cars) can earn up to $7,500 in EV tax credit.2
  • Used EVs and PHEVs may be eligible for up to $4,000 in EV tax credit if priced at $25,000 or less.2
  • Home EV charging stations can generate a credit worth 30% of the cost of charging equipment and installation, up to a $1,000 maximum.4
  • Income requirements for qualified new EVs and PHEVs are MAGIs less than $300,000 for Married Filing Jointly, $225,000 for Head of Household, and $150,000 for any other filing status.2
  • Income requirements for eligible used EVs and PHEVs are MAGIs less than $150,000 for Married Filing Jointly and Qualifying Surviving Spouse, $112,500 for Head of Household, and $75,000 for any other filing status.2

Auto Finance Loan Tax Deduction: Valid for 2025 Through 2028

  • Finance an automobile, including EVs and PHEVs, to qualify for an annual tax deduction of up to $10,000.3
  • If the vehicle is purchased for personal use, drivers can deduct interest paid on their EV auto loan.3
  • EVs and PHEVs must be built and their battery materials sourced within the U.S. to qualify for the new vehicle tax deduction.3
  • Leased vehicles are not included, but dealership lease incentives are still valid.
  • MAGIs must not exceed $200,000 for Married Filing Jointly status or $100,000 for all other filing statuses.3

Electric Cars vs. Gas Cars: Which Offer Better Discounts?

With such important changes to EV tax credit policy, some shoppers are disregarding electrified models altogether – but this choice doesn't account for the fact that, with or without federal tax incentives, electric car maintenance costs and recharge fees are usually far lower than those of their gas-powered counterparts. Not to mention the fact that EV and PHEV technology make these vehicles some of the safest. Electric cars come with advanced driver-assistance systems that make driving much simpler and safer.

Factor in the years of sustainable driving you'll contribute to with your electric model lease or purchase, and we see no reason why EV tax credit updates should discourage drivers from moving toward an electrified lifestyle – but don't just take our word for it. Automotive experts have compared electric cars vs. gas cars, and these are the facts they found:

  • An NRDC study from July 2025 outlines the multiple ways that electric cars are cheaper than gas vehicles in the long run.5
  • According to Cox Automotive, the cost to purchase a new EV was only about $2,800 more than the average price of a new gas-powered vehicle.6
  • As the EV market continues to grow, experts expect price margins to shrink even more in the coming years.5
  • Consumer Reports announced that EV drivers typically spend almost 60% less each year on fuel costs than drivers of gas-powered cars.7
  • The U.S. Department of Energy confirms that current EVs are 2.6 to 4.8 times more efficient at traveling a mile than their internal combustion engine counterparts.8

Get Every Possible EV Tax Credit & Incentive at Jones Buick GMC Casa Grande

Jones Buick GMC Casa Grande is here to help you wade through the legal jargon of EV tax credit laws, take advantage of every feasible incentive, and drive home with a vehicle you love at a price that makes you proud. As of 2025, there's no GMC Hummer EV tax credit, but we'll keep you posted if that changes, and we have all the information you'll need to claim a Sierra EV deduction, both before and after the rules change on September 30, 2025. Browse all new Buick GMC vehicles in our inventory to get started!

Frequently Asked Questions

Which GMC vehicles qualify for the federal EV tax credit?

EV tax credit is available through September 30, 2025, for the GMC Sierra EV. This electric SUV qualifies for up to $7,500 in EV tax credit when purchased or leased in the Denali Extended Range trim, and the 2026 GMC Sierra EV in Elevation Standard Range, Elevation Extended Range, AT4 Extended Range, Denali Standard Range, and Denali Extended Range trims also qualify through the September deadline.

Do these vehicles need to be built in the U.S.?

Yes, to qualify for the new tax deduction that has gone into effect for 2025 through 2028, EV and PHEV and other vehicles must be built and sourced specifically within the U.S.3 Under the current federal EV tax credit law that's valid through September 30, 2025, electric and plug-in-electric vehicles must be built and their battery materials sourced within North America.2

What are the MSRP limits for GMC vehicles to qualify?

The same MSRP limits apply to EV tax credits regardless of the automaker. From the time of writing until September 30, 2025, vehicles with an MSRP of $80,000 or less may qualify for the current credit.2 With the new $10,000 auto finance deduction, vehicle requirements are based on the sourcing and assembly location and gross vehicle weight rating.3

1Please consult with your own tax or legal professional to determine eligibility, specific amount of incentives or rebates available. The amount of your tax savings will depend on your individual tax circumstances. The Inflation Reduction Act, effective as of August 16, 2022 and pending further IRS guidance, introduces additional requirements for federal tax credit eligibility. This information does not constitute tax or legal advice.

2Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.fueleconomy.gov/feg/tax2023.shtml

3Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors#:~:text=New%20deduction:%20Effective%20for%202025%20through%202028%2C%20individuals%20may%20deduct,Maximum%20annual%20deduction%20is%20$10%2C000

4Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.irs.gov/credits-deductions/alternative-fuel-vehicle-refueling-property-credit-for-individuals

5Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.nrdc.org/stories/electric-vs-gas-cars-it-cheaper-drive-ev

6Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://www.coxautoinc.com/market-insights/kbb-atp-september-2023/

7Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://advocacy.consumerreports.org/wp-content/uploads/2020/10/EV-Ownership-Cost-Final-Report-1.pdf

8Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://docs.nrel.gov/docs/fy23osti/84631.pdf

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, and $499 documentation fee. Additional equipment added by the dealer or the purchaser will increase the overall transaction amount. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.