EV tax credits & incentives

New qualifying EVs can earn up to $7,500 off, split between battery-sourcing and critical-minerals requirements. Since 2024 you can apply it as a point-of-sale discount at the dealer.

Fine print: Income caps (~$150k single / $300k joint) and vehicle price caps ($55k cars / $80k SUVs & trucks) apply. Final assembly must be in North America.

Buy a qualifying used EV (at least 2 model years old) from a dealer for $25,000 or less and you may claim 30% of the price, up to $4,000.

Fine print: Lower income caps (~$75k single / $150k joint). One credit per vehicle lifetime; one per buyer every 3 years.

The Alternative Fuel Refueling Property Credit covers 30% of a home Level 2 charger and installation, up to $1,000 for individuals.

Fine print: Available in eligible (non-urban / low-income) census tracts only — check your address before assuming eligibility.

Many states add their own rebate or tax credit on top of federal incentives — some worth several thousand dollars, often stackable.

Fine print: Programs open and close as funding runs out. Verify current status with your state energy office.

Local electric utilities frequently offer rebates on chargers and discounted overnight "EV rate" plans that dramatically cut home charging cost.

Fine print: Check directly with your utility; enrollment and metering requirements vary.

Leased EVs qualify for the commercial clean vehicle credit with no income or price caps — automakers often pass this through as a lease discount even on cars that would not qualify if purchased.

Fine print: The dealer is not required to pass it through — confirm it appears in your lease math.