Due to recent legislative changes, current federal EV tax credits are set to expire on September 30, 2025.1 If you've been considering an upgrade to electric luxury vehicle performance, now is the time to act and secure your savings while you can.
Our dedicated team at Porsche Huntington will guide you through every step, ensuring you benefit from all currently available incentives as you transition to an electric Porsche in New York.
Don't wait any longer -- visit our Porsche Center in Huntington Station today and discover why right now is the perfect time to upgrade to a qualifying new Porsche EV near Commack.
Federal EV Tax Credit Benefits
For buyers of qualifying new electric Porsche models, the federal Clean Vehicle Tax Credit currently offers eligible EV buyers up to a $7,500 tax credit.1 Prefer to lease a new electric Porsche? You may be eligible for the $7,500 rebate as well.1 This benefit can also be applied directly at the point of purchase for qualifying transactions, making electric luxury more accessible than ever.
This program significantly boosts the accessibility of Porsche EVs in Huntington Station and surrounding Long Island areas -- yet these EV federal tax credits will end after September 30, 2025.1 After that date, tax savings through this program will be permanently unavailable.
Key benefits of the current incentive program include:
- Up to $7,500 federal tax credit when purchasing a qualifying new Porsche.1
- May be applied instantly at the time of purchase for eligible transactions.
- New York State electric car tax rebates may yield additional savings for Long Island residents.
Auto Loan Interest Deduction After Expiration
After the September 30 deadline, the federal EV credit will be gone, but new tax laws will offer different opportunities. Beginning in 2025 through December 31, 2028, car shoppers may be able to deduct the first $10,000 of interest paid on new car loans.1
Here are the key eligibility rules of this new interest rate deduction:1
- Income Thresholds: Single filers must have a modified adjusted gross income below $100,000; joint filers must be under $200,000.
- Vehicle Requirements: Only new vehicles weighing less than 14,000 pounds qualify. Pre-owned models are excluded.
- Production Criteria: Vehicles must be manufactured in the United States.
This new benefit presents ongoing advantages for anyone interested in buying a new vehicle made in America. However, these incentives differ significantly from the expiring EV credits. To compare both options and determine which is most beneficial for your situation, contact us at our Huntington Station Porsche Center today.
Contact Porsche Huntington Today
The September 30, 2025, EV tax credit deadline is approaching quickly -- and waiting to finance a new electric Porsche could mean missing out on up to $7,500 in federal tax credits.1 Combined with potential New York state incentives, the opportunity for Long Island luxury vehicle shoppers is substantial.
Our team is prepared to streamline your purchase and ensure you access every available incentive. Whether you're interested in a new Taycan or Macan Electric SUV, we'll help you navigate both current EV credits and potential auto loan deductions. Schedule a consultation today to arrange a one-on-one meeting with our professionals.
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1 Please consult our Porsche Center for complete details on all tax credit qualifications and available financing options. Federal and state incentives are subject to individual eligibility.