Is it Time to Embrace Electric Vehicles?

With the growing shift towards electric vehicles (EVs), we are on the brink of experiencing the positive impacts of a cleaner environment. As a proactive step, Methuen FCU is excited to offer a remarkable opportunity: a 0.35% discount on our already competitive Auto Loan rates!

Make the eco-conscious choice and reap the financial benefits. Apply Today!

At Methuen FCU, we’ve noticed a rising demand for EV loans among our members. In response, we are taking action by introducing discounted loan rates specifically tailored for Electric and Hybrid vehicles. We believe that by making sustainable transportation more affordable, we can assist our members in transitioning towards greener alternatives.

This shift towards EVs is not just limited to us. Governments, financial institutions, and automobile manufacturers are joining forces, with ongoing collaborations expected to make electric cars increasingly accessible and budget-friendly. This collective effort is set to drive the widespread adoption of electric vehicles, further enhancing their appeal.

The Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) Program

MOR-EV Program aims to reduce air pollution and greenhouse gas emissions and support greater adoption of electric vehicles across the Commonwealth by offering rebates to consumers (residents, corporations, and other entities) who register their on-road zero emission vehicles in Massachusetts. MOR-EV provides rebates for the purchase or lease of eligible battery electric vehicles and fuel-cell electric vehicles, including passenger cars and medium- and heavy-duty trucks and other vehicle types. The program also offers rebates for used EVs and a rebate adder for income-qualifying residents.

United States Department of Energy Federal Incentive Program

Receive up to $7,500 in federal tax credits for buying an Electric Vehicle!

New Plug-in and Fuel Cell Electric Vehicles Purchased in or after 2023

Get a tax credit of up to $7,500 for new vehicles purchased in or after 2023! Please click HERE for more details.

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Pre-Owned Plug-in and Fuel Cell Electric Vehicles Purchased in or after 2023

Get a credit of up to $4,000 for used vehicles purchased from a dealer for $25,000 or less! The amount equals 30% of purchased price, with a maximum credit of $4,000. Other requirements apply.

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