Updated for 2026

EV & Hybrid Tax Credits, Explained

The answers you need for your financial decisions — what's changed with federal incentives, and what's still on the table here in New York.

VW ID.4

What's Changed — And What Hasn't

At Helms Bros., we understand the significance of addressing our customers' inquiries regarding EV and Hybrid vehicles. As of October 1, 2025, the federal EV tax credit (up to $7,500 for new vehicles and up to $4,000 for used vehicles) has ended following the One Big Beautiful Bill Act, and is no longer available for vehicles acquired after September 30, 2025.

The good news: New York State's Drive Clean Rebate is still active, offering up to $2,000 off eligible new EVs right at the point of sale — no separate application required. Explore the breakdown below, or reach out to our team for personalized guidance.

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Federal Tax Credit

Ended

The $7,500 new-vehicle credit and $4,000 used-vehicle credit both ended for any EV acquired after September 30, 2025, under the One Big Beautiful Bill Act.

Vehicles acquired on or before that date may still qualify when you file — ask our team for details on documentation.

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NY Drive Clean Rebate

Active

Applied by our dealership at the time of sale — no extra paperwork for you. Amount depends on range and MSRP:

  • 200+ miles of range $2,000
  • 40–199 miles of range $1,000
  • Under 40 miles of range $500
  • MSRP over $42,000 Capped at $500

Official Resources

Straight from the source — or get in touch with us today for personalized assistance.

Ready to Find Your Next EV?

Browse our current electric and hybrid inventory, and our team will walk you through exactly which incentives apply to the model you choose.

View Electric Vehicles Inventory
Incentive details are subject to change. Confirm current eligibility with your tax advisor and NYSERDA before purchase.

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Helms Bros., Inc. 40.758686, -73.774433.