Did You Miss Out on the EV Tax Credit for Your Lucid Car Purchase? Here's What You Need to Know - Palma Financial

We understand you may have questions about your Lucid car purchase and the federal EV tax credit. Unfortunately, as of 2022, the federal tax credit for electric vehicles is unavailable for vehicles with a sales price above $55,000. Therefore, if you purchased a Lucid car for over $100,000, you would not be eligible for the federal EV tax credit.

But don’t worry. There are still other ways to save on your Lucid car purchase.

Lucid is offering a credit that matches the federal EV tax credit for electric vehicles that meet certain price thresholds, which can help reduce the cost of your purchase. Additionally, you may be eligible for any state incentives or manufacturer credits available for electric vehicle purchases.

At Palma Financial Services, we’re committed to helping you maximize your savings on your Lucid car purchase. Our team of tax professionals can provide personalized guidance and support to help you navigate the complexities of the tax code and find the best deals and incentives available.

So, if you want to save big on your Lucid car purchase, schedule a consultation with us today. We’ll help you understand your options and find the best deals and incentives to maximize your savings.

📆 Schedule Your Consultation Now and Get Your Lucid Car Savings Back on Track 💸