Does MINI Qualify for the EV Tax Credit?

You’ll have fun and stand out driving a MINI Electric model in the DC Metro Area. But if you’re a savvy shopper hoping to take advantage of a tax credit up to $7,500, you’ll want to know: Does MINI qualify for the EV tax credit?

According to the IRS, an electric vehicle must be built in North America to qualify for the tax credit. The MINI Electric Hardtop 2 Door is not built in North America, so it doesn’t qualify for a MINI EV tax credit if you purchase it. However, you might still be able to take advantage of the tax credit if you lease your MINI EV. Learn more with MINI of Sterling below.

EV Information MINI EV Inventory

Qualifying for a MINI EV Tax Credit

Even though the MINI Electric Hardtop 2 Door model is not assembled in North America, Loudoun County drivers may still qualify for a tax credit. How? The restriction regarding where an electric vehicle is assembled only applies to purchased vehicles.

So, does MINI qualify for the EV tax credit if you opt for a lease? Potentially, but there are other qualifications a vehicle and an individual must meet to take advantage of a MINI EV tax credit:

A battery capacity of at least 7 kilowatt hours
A gross vehicle weight rating below 14,000 pounds
Household income cannot exceed $300,000 for married couples filing jointly, $225,000 for heads of households, and $150,000 for all other filers

Highlights of the 2024 MINI Electric Hardtop 2 Door

The possibility of saving money with a lease credit is enticing, even for those who’ve never leased a vehicle before. But the 2024 MINI Electric Hardtop 2 Door offers plenty more to get excited about! Whether driving near Dulles Airport or enjoying a scenic weekend cruise, you’ll appreciate these MINI Electric Hardtop 2 Door highlights:

114-mile EPA-estimated range
181 hp
0–60 mph in 6.9 seconds
Standard LED headlights
Active Driving Assistant
Adaptive Cruise Control
MINI Maintenance+
And more!

Learn More With MINI of Sterling

If leasing isn’t for you, you may still be able to enjoy a tax credit on a new-to-you EV with the used clean car credit. Visit MINI of Sterling or contact us to learn more about your options. Our team will help you understand what savings are available to you and ensure you choose a vehicle that suits your needs.