Choosing an electric or a plug-in hybrid vehicle can be great for your wallet as well as great for the environment. Learn about all of the federal, regional, and local incentives you may be eligible for, which could reduce your up-front costs as well as the cost of recharging.
Overview of EV Incentives
Electric vehicle incentives are saving many buyer's thousands of dollars on the purchase of a plug-in hybrid or all-electric vehicle. To learn more about them, here’s how EV incentives work.
Different Types of EV Incentives
Many rebates, incentives and tax credits exist to make driving sustainably more affordable. To take advantage of these potential savings, let's explore how the different EV incentives work and how much you can save when buying a new electric vehicle. Here’s what you need to know.
How EV Incentives Work
Besides the federal credit for new electric vehicles, there are also many supporting benefits from state and local government. Want to learn how EV incentives work? Here’s what you need to know.
Financial Benefits of EV Incentives
Driving an electric vehicle doesn't have to be expensive. In fact, many financial benefits exist in the form of EV incentives that make the cost of a new electric vehicle more affordable. Here's what you need to know before you buy.
States with the Best EV Incentives
The amount you can save by buying a new EV depends on where you live. Here’s a list of the states that offer the best incentives for driving green as of this writing. Keep your eyes on GreenCars for the latest news on EV incentives.
Making Sense of the New Federal EV Credits
New rules introduced in August 2022 mean you could end up with more cash in your pockets in the form of tax breaks and direct discounts if you choose an electric vehicle or plug-in hybrid. New vehicles are eligible for up to $7,500, and used cars $4,000. Learn all of the details here.