Yes, there are state-specific incentives for leasing electric vehicles in the United States. Here are a few examples:
- Colorado: Offers a state tax credit of up to $5,000 for leasing new electric vehicles with a minimum lease term of two years. The vehicle must be priced up to $80,000 to qualify for the full credit, while vehicles up to $35,000 qualify for a $2,500 credit.
- California: The Clean Cars 4 All program provides income-eligible residents with up to $12,000 to replace older vehicles with cleaner options, such as electric vehicles. This program has expanded statewide under the Driving Clean Assistance Program.
- Connecticut: The Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) program offers rebates for purchasing or leasing new or used electric vehicles. As of January 1, 2025, rebates include up to $1,500 for standard BEV purchases or leases, with additional incentives for income-eligible residents.
These incentives can be combined with federal credits for leasing electric vehicles, potentially providing significant cost savings.
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