Interested in the tax savings you could gain by buying an electric vehicle? The EV Tax Calculator at our Cadillac dealership near Saugus helps you estimate your potential tax credits. Enter your purchase information to find out the financial benefits of going electric and see why so many local drivers have already made the switch.
Whether you prefer a new electric vehicle or want to learn more about plug-in hybrid models, you'll be in good hands at Herb Chambers Cadillac of Lynnfield. Schedule a test-drive and visit us at our nearby Cadillac dealer today.


How Much Can I Save on a New EV?
Our new electric vehicles nearby offer substantial financial rewards beyond fuel savings. One of the best perks is the clean vehicle tax credit of up to $7,500 with the purchase of an eligible plug-in hybrid or electric vehicle.1 This federal tax credit is designed to make owning an EV more accessible and affordable. However, be mindful of the following MSRP limitations to qualify:
- MSRP can't exceed $80,000 for vans, SUVs and trucks
- MSRP can't exceed $55,000 for all other new vehicles
In addition to federal credits, Massachusetts residents can enjoy the MOR-EV Massachusetts state EV rebate, which can total up to $6,000.1 This rebate further reduces the upfront cost of investing in a clean vehicle. You have two convenient ways to receive this rebate:
- Option 1: Receive your rebate at our dealership when you purchase or lease.
- Option 2: Apply online for this rebate within 90 days post purchase or lease.
Are There Tax Rebates on Used Electric Vehicles?
Yes, when you buy a used EV nearby you can still claim EV tax credits. These used EVs are eligible for a federal tax credit of up to $4,000 when fully qualified.1 This provides a financial incentive to consider a pre-owned EV, making it even more affordable to drive an eco-friendly vehicle.
Additionally, the MOR-EV rebate is also applicable to eligible used electric cars, expanding your savings potential even further. Whether you're buying new or pre-owned, these rebates can help you save when you're looking to buy an electric car, encouraging sustainable choices without compromising your budget.
How to Claim Electric Car Tax Incentives in MA
To learn more about potential electric car tax rebates in Massachusetts and how much you can save, call or click to talk with Herb Chambers Cadillac of Lynnfield. Our team of experts is here to guide you through the process, from understanding eligibility requirements to claiming your tax credits and rebates.
Don't miss out on potential tax savings; use our EV Tax Calculator now to see how much you can save on an electric vehicle. The team at our Lynnfield Cadillac dealer is standing by to help you buy a new Cadillac EV and take advantage of tax incentives; visit us today.
Learn More: Cadillac LYRIQ EV | New Cadillac Specials
1 Information accurate at time of publication. See dealer for complete details.