What to Know About the Porsche EV Tax Credit

There are many reasons to consider buying an electric Porsche, including to help the planet and never have to worry about gas prices. It could also be a very smart financial decision, thanks to the Porsche credit you can use as a tax deduction.

What is the Porsche Tax Credit?

While not exclusively for Porsche vehicles, you will be eligible for a federal tax credit when you purchase an electric car. This same is true for plug-in hybrid vehicles.

How Much is the Tax Credit?

The tax credit you will be able to access varies, as it’s based on the battery capacity of the vehicle. It can be worth up to $7,500.

How Does the Tax Credit Work?

Just like any other tax credit, you will be able to use that $7,500 (or whatever you’re entitled to) as a deduction when you do your taxes.

Which Porsche Vehicle Offers a Tax Credit?

While several electric Porsche cars are in the works, the Porsche Taycan is available right now. In addition to 79 MPGe (miles per gallon equivalent) combined city/highway, this sedan has a driving range of up to 227 miles.

The battery can be completely charged in about 10 hours with a 240-volt outlet or a Level 2 charging station. A Level 3 charging station will get the battery up to an 80-percent charge in around 90 minutes.

Get More Information About the Porsche Tax Credit

If you’d like to get more details about the electric vehicle tax credit, contact Porsche Omaha. You can also come down to see us to take a new or pre-owned Porsche Taycan out for a test drive.