Federal Incentives Comparison
| Criteria | New EVs | Used EVs |
|---|---|---|
| Max Credit | Up to $7,500 | Up to $4,000 |
| Income Limits | None specified for vehicle credit | None specified for vehicle credit |
| Battery Size | Varies by model (check eligibility) | ≥ 7 kWh capacity |
| Price Limit | No official limit | ≤ $25,000 purchase price |
| Vehicle Age | New only | ≥ 2 years old |
| Filing Frequency | Unlimited (per qualifying purchase) | Once every 3 years |
State-Level Differences
- California: Offers $7,500 grants for new EVs (income-qualified) and $2,000 charging rebates, but no specific used-EV incentives beyond potential access to the federal credit.
- Tennessee/Texas: Provide charging station rebates (e.g., $50-$2,000) and discounted electricity rates, typically applicable to both new and used EVs if owners install qualifying equipment.
- South Dakota: $500 charger rebates (Black Hills Energy) apply regardless of vehicle purchase type.
While new EVs qualify for higher incentives overall (e.g., federal $7.5K + state grants), used EVs benefit from the $4K federal credit paired with charging infrastructure incentives in many states. Check specific programs for income restrictions and application windows, as some (like California’s CVRP) periodically close to new applicants.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-the-incentives-for-new-electric-vehicles-compare-to-those-for-used-electric-vehicles/
