Yes, several states provide both rebates and tax credits for electric vehicles (EVs), combining multiple incentives to encourage EV adoption.
Examples include:
- Maine: Offers rebates of up to $2,000 for a new EV purchase or lease, with enhanced incentives going up to $7,500 for a new EV. It also has programs offering additional rebates for plug-in hybrid vehicles and used EVs for qualified low-income residents. There is also a time-of-use program providing an annual $50 incentive for charging during off-peak hours, showing a mix of rebates and other financial benefits.
- Kansas: Provides tax credits of up to $2,400 per qualified vehicle and also utility company rebates, such as up to $500 from Evergy toward home charging station installation costs.
- Louisiana: Offers rebates like a $250 rebate for installing Level 2 EV chargers at home plus a $100 bonus under certain conditions, provided by Entergy/eTech and SWEPCO. While direct vehicle purchase rebates or credits are not explicitly noted, the presence of rebates for EV-related equipment complements state and federal tax credits.
- California: Has the Clean Vehicle Rebate Project providing rebates of up to $7,500 for battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs), with additional grants up to $5,000 from the California Air Resources Board depending on income. Moreover, other state tax credits and local utility incentives exist alongside these rebates, creating a layered incentive environment.
- Vermont: Through the Vermont Drive Electric program, residents can receive rebates up to $4,000 for purchasing a new EV or $5,000 for a used high-efficiency vehicle. Additional programs like Replace Your Ride and local utility cash incentives (which may include tax-related benefits) are also available.
The general pattern is that many states offer both direct rebates on vehicle purchases or charging infrastructure and state-level tax credits or deductions, sometimes alongside federal tax credits. The exact amounts and eligibility vary by state and program.
To summarize, yes—states like Maine, Kansas, California, Louisiana, and Vermont offer both rebates and tax credits (or equivalent incentives and deductions) for EVs, aiming to lower the effective cost of ownership through multiple financial incentives.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-that-provide-both-rebates-and-tax-credits-for-evs/
