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.

article thumbnail

Colorado approves goal to make 82% of car sales electric by 2032

Teslarati

Colorado has voted to approve a new standard on the adoption of electric vehicles (EVs), with an additional goal set for 2032 and new guidance for increasing EV sales beginning in 2027. The Community Accelerated Mobility Program, which provides grants to support community-led electric mobility projects. Tesla wants the U.S.

Colorado 111
article thumbnail

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

EV Life

In an effort to incentivize drivers to make the switch to electric, federal, state, and local governments have created a variety of programs aimed at helping consumers save money on their EV purchases. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

article thumbnail

10.5% Of New Vehicle Sales Now Electric Vehicle Sales In Colorado

CleanTechnica EVs

Last year, Colorado saw its EV uptake pass the symbolically important 10% marker. of new vehicle sales in Colorado were electric vehicle sales in 2022. That’s a great result in the USA, which as a whole is closer to 6% or 7% of new vehicle sales being electric. Colorado got to […] In the end, 10.5%

Colorado 142
article thumbnail

$1,000 Illinois fee? State fees, credits can make or break EV sales

Green Car Reports

Among states, incentives for electric cars vary wildly—from Colorado, which offers a $5,000 tax credit for EV buyers, to Illinois, where the legislature just proposed a $1,000 annual registration fee for electric cars. For example.

Illinois 121
article thumbnail

Colorado simplifies electric-car incentive, but axes used models

Green Car Reports

Last week, the Colorado State Legislature passed a bill that would simplify the state's electric car incentives. However, it would remove the eligibility of used cars that could qualify for the same credit.

article thumbnail

Colorado's Electric-Car Credit: Applies To Used Cars Too

Green Car Reports

The checkerboard pattern of constantly changing electric-car incentives and fees among the 50 American states often baffles outsiders. And as states go, Colorado has a mixed record. But its electric-car incentive turns out to have a quirk not shared by any other state, as far as we can determine.