Many Illinois shoppers may already be aware that the federal government will soon end the availability of EV tax credits. As of now, the EV tax credit expiration date is scheduled for September 30, 2025, which means your window to claim these federal incentives is closing rapidly.
If securing these valuable savings on your next electric vehicle is important to you, purchase your EV from Bob Grimm Chevrolet today. We're here to help you get the most from every government incentive while they last, so if you're interested in a new electric Chevy in Central Illinois, now is the ideal time to visit our Chevy dealership near Tremont. Finalize your purchase now before this opportunity disappears.
The Federal EV Tax Credit Ends Soon
With the September 30, 2025, EV tax credit expiration date approaching quickly, it's essential to act to receive the federal EV tax credit. After this deadline, new electric vehicles will no longer be eligible for federal tax benefits, which may lead to higher overall costs for future Central Illinois EV buyers.
Bob Grimm Chevrolet is monitoring these changes closely to help you make an informed, timely decision. For local car shoppers, the vanishing tax credits mean that buying sooner rather than later is your best bet to secure maximum value on your purchase of a new Chevy EV near Tremont.
New Car Loan Interest Rate Deductions Coming
Even though federal EV tax credits are ending, there are new tax deduction rules set to take effect that could benefit Tremont buyers. Shoppers might soon be able to deduct up to the first $10,000 of interest paid on new car loans, which means you may enjoy additional savings if you qualify.1
To be eligible, certain guidelines must be met:
- Your modified adjusted gross income should be under $100,000 (single filer) or $200,000 (joint filers).1
- Only new vehicles under 14,000 pounds are eligible.1
- Your new car must be assembled in the United States.1
For more information on how these changes impact your unique situation, speak with the Bob Grimm Chevrolet team. We're dedicated to ensuring you stay informed throughout your buying journey in Central Illinois.
Bob Grimm Chevrolet: Your Trusted Local EV Dealer
With the September 30 cutoff drawing near, there has never been a better time for Illinois Chevy buyers to explore electric options. Bob Grimm Chevrolet offers an impressive inventory of EVs for sale nearby that currently qualify for current federal incentives, plus the expert guidance you need to make sense of all tax credit changes for 2025. Our finance department stays current with the latest rules and will ensure you don't miss out on any valuable opportunity to secure a Silverado EV or Equinox EV for less.
We invite nearby drivers to come test-drive a Chevy EV, explore Blazer EV pricing offers and get all their tax credit questions answered by our knowledgeable staff. Whether you're a first-time Morton EV shopper or a long-time fan of electric Chevrolet trucks and SUVs, Bob Grimm Chevrolet is here for you. Don't delay -- contact Bob Grimm Chevrolet today to schedule your EV test-drive and lock in federal tax savings before time runs out!
Read More: Why Choose Bob Grimm Chevrolet? | Compare Chevy Trucks | Used Chevy Financing
1 See dealer for details. Eligibility and requirements are subject to change. We recommend speaking with a tax professional.