Applies to personal-use cars, SUVs, and trucks under 14,000 lbs.
Phased out for individuals earning over $100k or couples over $200k. government help buying a car
States often have more direct grants for low-income residents, especially for those switching to "clean" vehicles. Driving Clean Assistance Program Applies to personal-use cars, SUVs, and trucks under
Under the One Big Beautiful Bill Act , you can deduct up to $10,000 per year of interest paid on auto loans for new, U.S.-assembled vehicles purchased between 2025 and 2028. Applies to personal-use cars