Securing government help for a car involves navigating different levels of support, ranging from broad federal tax breaks to specialized state grants for low-income families or electric vehicle (EV) buyers. 1. Federal Programs (Available Nationwide)
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. government help buying a car
You may qualify for a credit of up to $7,500 for a new EV or $4,000 for a used EV. Securing government help for a car involves navigating
The most significant federal help comes through the in the form of tax deductions and credits. you can deduct up to $10
Applies to personal-use cars, SUVs, and trucks under 14,000 lbs.