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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV. What is the federal US Used Clean Vehicle tax credit?

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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Texas now offering $2,500 EV rebate for Tesla’s Model 3, Y and S units

Teslarati

The state of Texas is now offering rebates on select electric vehicle (EV) purchases including some Tesla models, as made available through a limited-time grant program. Earlier this year, the state’s legislature also proposed and passed an EV tax , making EV owners pay extra fees to help fund road maintenance.

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The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers

Baua Electric

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. So you’ll have to check with a dealer for your EV’s eligibility.

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You can lease a Toyota bZ4X for next to nothing right now

Baua Electric

The steepest deal is on last year’s 2023 bZ4X base “XLE” trim, which is available for just $129/mo with $1,999 due at signing, at least here in Southern California. Part of the reason for these lease offers is due to the Inflation Reduction Act’s EV tax credit, which is also available (and in fact, even easier to get ) on a lease.

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Top 10 states offering EV incentives

Plug in America

Below is a list of the top 10 states who provide valuable incentives. Find out if your state is on the list! . For a list of incentives available in your area, please visit PlugStar.com. Additionally, EVs sold, rented, or leased in New Jersey are exempt from state sales and use tax. . California. Massachusetts.