Take advantage of tax incentives to earn even more value from your EV
Credits for electric cars – Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D)
Your new EV may be eligible for a federal income tax credit of up to $7,500 depending on when you purchase the vehicle and based on the capacity of the battery. Incentives apply to at least 200,000 units per auto manufacturer before they phase out.
Visit fueleconomy.gov for more details about the Qualified Plug-in Electric Drive Motor Vehicles credit, or click the vehicles listed here to compare current credits according the IRS website.
Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D)
Electric Mobile Cars
General Motors Corporation
Mitsubishi Motors North America, Inc.
Nissan North America
Smart USA Distributor LLC
Wheego Electric Cars, Inc.
State incentives vary depending on where you live, but still offer the possibility for significant tax advantages. Visit Plug In America for more details on state incentives.
Credits for charging stations
Federal tax credits to offset the costs of installing an EV charging station expired in 2011. However, numerous groups are pushing to extend this important tax credit program. Plugless Power will provide updated information once it becomes available.