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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

Great news for drivers looking to purchase an electric vehicle in Colorado! On May 11, 2023, Colorado Governor Jared Polis signed House Bill 23-1272 into law. In addition, starting January 1, 2024, new electric vehicles priced under $35,000 MSRP will be eligible for an additional $2,500 state tax credit. 4 , and more.

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How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. Effective July 1st, 2023, Colorado drivers purchasing new electric vehicles under $80,000 MSRP now qualify for a $5,000 EV tax credit.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. 4 trims are eligible for a federal tax credit of up to $7,500 and many state and local incentives. In California, residents have access to additional rebates and grants offered by the state.

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Electric Vehicle Spotlight: Financing a Ford F-150 Lightning

EV Life

A large touchscreen infotainment system with Ford’s latest Sync 4 software comes standard, along with, in-dash navigation, Apple CarPlay, Android Auto, and a Wi-Fi hotspot. There are a variety of programs, grants, and tax credits available to encourage drivers to make the switch to electric vehicles. Clean Cars 4 All.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Available Chevrolet Bolt EUV Trims At a Glance Chevrolet Bolt EUV Version Price Range Top Speed 0-60 mph EV Tax Credit State/Local Incentives Bolt EUV LT $27,795 247 miles 90 mph 6.8 Federal, State, and Local EV Incentives Federal Tax Credit. Colorado Electric Vehicle Tax Credit. Clean Vehicle Rebate Project (CVRP).

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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

EV Tax Credit Equinox LT $30,000 250 miles 210 hp $7,500 Equinox RS $40,000 300 miles 290 hp $7,500 How to Save Money on Your Chevy Equinox EV Americans looking to save money on their EV purchase will find no shortage of programs designed to incentivize the switch to electric. Colorado Electric Vehicle Tax Credit.

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Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. In California, additional rebates and grants are available to residents, making the R1S an attractive choice. EV Life offers a smarter solution for your Rivian R1S purchase.