Last Chance for EV Tax Credits: Buy a Cadillac EV Now
Many local car shoppers have heard that federal EV tax credits are soon disappearing. Currently, the federal government has set an expiration date of September 30th, 2025, for the $7,500 EV tax credit, making this a critical time for anyone hoping to take advantage of these major incentives.
If capturing these generous savings is a priority, act now by purchasing your electric vehicle at Arnie Bauer Cadillac. Don't miss out on this chance -- visit our Matteson Cadillac dealership to make your purchase a new Cadillac EV nearby today. Our team is standing by to ensure you receive every available federal and Illinois EV tax incentive you qualify for.
Federal EV Tax Credit Set to Expire September 30th, 202
With September 30th, 2025, fast approaching, time is running out to qualify for federal EV tax credits. Following this deadline, new electric vehicles will no longer be eligible for federal EV tax incentives, potentially increasing the total cost for Matteson area EV shoppers in the future.
At our Matteson Cadillac EV dealer, we are closely monitoring all upcoming changes to help you make smart, timely decisions. For anyone considering a new electric Cadillac in Illinois, taking action now is the best way to secure the full benefits of today's incentives before they vanish.
New Interest Rate Deductions for Auto Loans
While federal EV tax credits are slated to end, new tax deduction rules for auto loans provide additional savings you'll love. Now, eligible buyers can deduct up to $10,000 in interest paid on new car loans, delivering extra value if you qualify.1
Here's how to be eligible:1
- Your modified adjusted gross income must fall below $100,000 (single) or $200,000 (joint filers)
- The vehicle you purchase is new and weighs under 14,000 pounds
- The vehicle you purchase was assembled in the United States
To see how these new regulations may impact your purchase or to apply for Cadillac financing, connect with the professionals at Arnie Bauer Cadillac. Our staff is dedicated to guiding you every step of the way.
Visit Our Matteson EV Dealer Now
With the September 30th deadline nearing, there's never been a better time for Matteson Cadillac drivers to experience electric luxury. Arnie Bauer Cadillac offers a diverse inventory of new Cadillac EVs eligible for tax savings, and our finance experts are always ready to clarify upcoming tax credit changes and savings opportunities. Visit us if you want to capitalize on every benefit your LYRIQ or Escalade IQ purchase qualifies you for.
Schedule a test-drive, explore the latest price options and let our team answer all your EV tax credit questions today. Whether you're just beginning to explore electric Cadillacs or you're a loyal Cadillac EV owner inspired to trade up to a new VISTIQ or OPTIQ, contact Arnie Bauer Cadillac today to book an EV test-drive and secure your EV tax credit -- before it's too late.
Read More: Cadillac EV Incentives | Repair vs. Replace | Cadillac EV Test-Drive
1 Information accurate at time of publication. Terms and conditions apply. Not everyone will qualify. This is not tax advice. See dealer for details.
