Volvo Electric Vehicle Special Offers in East Hanover, NJ

VOLVO

ELECTRIC VEHICLE

Special Offers in East Hanover, New Jersey

Federal Incentives for Volvo Electric Vehicles.

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Fully Electric

Federal tax credits for the purchase of a fully electric vehicles are available in every state.

UP TO:

$7,500

Federal Tax Credit*
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Plug-In Hybrid

Federal tax credits for the purchase of a plug-in hybrid vehicle are available in every state.

UP TO:

$5,419

Federal Tax Credit*

*You may qualify for a federal tax credit of up to $7,500 on the purchase of a qualifying all-electric vehicle or up to $5,419 on the purchase of a qualifying plug-in hybrid vehicle. Your eligibility for income tax credits depends on your personal tax situation. For further details, visit the Internal Revenue Service's page on Plug-In Electric Drive Vehicle Credit (IRC 30D) and refer to IRS Form 8936. Government incentives are outside of the control of Volvo Cars and are for informational purposes only. These incentives are subject to change without notice. Please note that this is not tax advice. Volvo Cars encourages consulting with your tax, financial, or legal advisor for further details and to determine your eligibility for these tax incentives.

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State Incentives for Volvo Electric Vehicles.

NEW YORK

$2,000

The New York State Energy Research and Development Authority (NYSERDA) provides rebates of up to $2,000 for the purchase or lease of a new eligible PVE.

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CONNECTICUT

$9,500

The Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) offers incentives of up to $9,500 for Connecticut residents who purchase or lease an eligible battery-electric, plug-in hybrid electric or fuel cell electric vehicle (EV).

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Prestige Express Purchase

Purchase or lease your new Volvo Recharge online with Prestige Express Purchase, and we will deliver it to you.

Prestige Express Purchase

Benefits of Driving an Electric Vehicle in the Tri-State Area.

Fun

Volvo electric motors smoothly deliver instant torque providing powerful and instant acceleration, providing East Hanover drivers a thrilling ride.

Quiet Ride

When you drive a Volvo electric vehicle in East Hanover, you benefit from a quiet, smoother, refined drive in all conditions.

Warranty Benefits

For additional peace of mind, all Volvo Recharge models come with an 8 year/100,000 miles warranty, whichever comes first, provided that the car and battery are maintained and used in accordance with Volvo Cars' recommendations.

Cost

Over time, pure electric vehicle models typically cost less to maintain and drive compared to gas‑powered ones. Eliminating the need to spend money on gas and routine oil changes adds up over the lifetime of owning the vehicle.

Fill Up Less or Never Again

Charge at home, work, or one of the growing number of charging stations. With a fully charged battery, you can commute in East Hanover daily in your plug-in hybrid purely using the electric motor, and in a pure electric vehicle, you'll never fill up again.

Low to Zero CO2 Emissions

A new Volvo Recharge vehicle can help you feel good about your carbon footprint. The Pure Electric models have zero tailpipe carbon dioxide or nitrogen oxide emissions. And in the Plug-In Hybrids, the additional electric motor supports the combustion engine for low CO2 emissions. And in Pure electric mode, produces zerotailpipe emissions.

Frequently Asked Questions

How do I get the Federal EV Tax Credit for my Volvo Electric Vehicle?

Once you purchase a new and eligible electric vehicle like the Volvo XC40 Recharge from Prestige Volvo Cars East Hanover, you will need to fill out IRS Form 8936 to claim your credit of up to $7,500.

What does up to $7,500 mean for the Federal EV Credit?

The qualified plug-in electric drive motor vehicle credit is a non-refundable federal tax credit of up to $7,500. The credit will reduce your tax liability dollar for dollar. Meaning if the credit is more than your tax liability, you would only receive up to the amount of your tax liability. It's best to consult with a tax professional to see how the tax credit will apply to your specific financial matters and tax filing.

What other credits are available when you purchase an electric vehicle?

We've listed some state-level available credits above, but to see the full list of offers for each state, you can Click here.

Are there any rebates or credits for used EVs?

At the moment, there are no federal tax credits when you purchase a used Electric Vehicle.

Prestige Express Purchase

Purchase or lease your new Volvo Recharge online with Prestige Express Purchase, and we will deliver it to you.

Prestige Express Purchase

At Prestige Volvo Cars East Hanover, the entire experience is built around you...

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