Are there any state-specific incentives for used plug-in hybrid vehicles

Are there any state-specific incentives for used plug-in hybrid vehicles

There are indeed several state-specific incentives for used plug-in hybrid vehicles (PHEVs) in the United States, alongside the federal credit.

Federal Incentive for Used PHEVs

  • A federal income tax credit up to $4,000 or 30% of the sale price (whichever is less) is available for pre-owned plug-in hybrid vehicles purchased from a dealer on or after January 1, 2023.
  • The vehicle must cost $25,000 or less, be at least two model years old, and the credit is nonrefundable.

Examples of State-Specific Incentives for Used PHEVs

Oregon

  • The Clean Vehicle Rebate Program offers a $2,500 rebate under the Charge Ahead initiative for low- to moderate-income households purchasing or leasing a new or used BEV or PHEV, with the vehicle MSRP capped at $50,000.

Pennsylvania

  • Duquesne Light Company customers can receive a $1,000 rebate for buying or leasing a used BEV or PHEV.
  • The state also provides a one-time preowned vehicle rebate: $500 for PHEVs with less than 75,000 miles.

Washington

  • Used BEVs and PHEVs with a minimum range of 30 miles are exempt from the 6.5% retail sales tax on purchase or lease.

California

  • While the Clean Vehicle Rebate Project (CVRP) for new vehicles is currently closed, California offers other programs:
    • The Clean Cars for All program encourages low-income residents to replace higher-polluting vehicles.
    • The California Air Resources Board (CARB) offers grants up to $7,000 for plug-in hybrids and charging grants up to $2,000.
    • The Clean Vehicle Assistance Program offers low-income Californians grants up to $5,000 for used EVs or PHEVs, affordable financing options, and additional support for home charger installation or portable chargers.

New Mexico

  • The New Mexico Clean Cars Tax Credit covers pre-owned PHEVs that are at least 2 years old and up to $25,000 in value. The credit is refundable and available for vehicles purchased or leased from licensed dealers or tribal lands in New Mexico and titled there.

Summary

Many states complement the federal used clean vehicle credit with their own rebates, tax exemptions, or grant programs specifically targeting used plug-in hybrids, often focusing on income eligibility, mileage limits, and MSRP or purchase price caps. Incentives range from direct purchase rebates ($500 to several thousand dollars), tax exemptions, to support for home charging infrastructure.

If you consider purchasing a used plug-in hybrid, it is advisable to check the specific incentives in your state, as they vary considerably and may have eligibility requirements regarding income, mileage, vehicle age, and purchase from dealers.

Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-state-specific-incentives-for-used-plug-in-hybrid-vehicles/

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