Remove Climate Remove Colorado Remove Financing Remove Tax Credit
article thumbnail

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.

article thumbnail

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

EV Life

With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing. This is great news for Tesla fans, as many Tesla models qualify for the credit.

article thumbnail

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.

article thumbnail

Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life. Federal, State, and Local EV Incentives Federal Tax Credit. Colorado Electric Vehicle Tax Credit. Clean Vehicle Rebate Project (CVRP).

article thumbnail

Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

We’ll also show you how to save a ton of money by financing your purchase through EV Life. Basic models are pretty stripped down, but the 2LT, 3LT, and RS trims provide a number of luxury features, including heated and powered seats, a heated steering wheel, large sunroof, hands-free tailgate, dual-zone climate control, and more.

article thumbnail

Electric Vehicle Spotlight: Financing a Ford F-150 Lightning

EV Life

We’ll also take a look at the best way to save money when financing your Lightning purchase through an EV Climate Loan with EV Life. There are a variety of programs, grants, and tax credits available to encourage drivers to make the switch to electric vehicles. Colorado Electric Vehicle Tax Credit.

F-150 52
article thumbnail

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 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. In 2023, Volkswagen moved its production of the ID.4