Yes, several states offer more generous incentives for electric vehicles (EVs) than the federal government’s $7,500 tax credit. Here are some examples:
- Maine: Offers a rebate of up to $2,000 for purchasing or leasing a new EV, and up to $7,500 in enhanced incentives. For used EVs, there is a rebate of up to $2,500 for qualified low-income residents.
- Colorado: Provides a state electric vehicle income tax credit of up to $5,000. This is in addition to the federal credit.
- Delaware: Offers rebates ranging from $1,000 to $2,500, depending on the type of vehicle and applicant income.
These state incentives can be combined with the federal tax credit, significantly reducing the cost of purchasing an electric vehicle. It’s important to check specific eligibility criteria for each state program.
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