Which states offer the highest EV tax credits

Which states offer the highest EV tax credits

Several U.S. states offer substantial electric vehicle (EV) tax credits and incentives, with some providing rebates and credits of up to $7,500, which is among the highest state-level EV benefits available in 2025.

States Offering the Highest EV Tax Credits and Rebates

  • Colorado
    Colorado leads with incentives up to $7,500 off the purchase of a new electric vehicle. To receive the full credit, the EV’s sticker price must be under $35,000; vehicles priced between $35,000 and $80,000 qualify for a $5,000 credit.
  • Maine
    Maine offers up to $7,500 off a new EV for residents below certain income thresholds. Higher-income residents may still qualify for a $3,500 partial credit, and there is also a rebate available to anyone for up to $2,000 regardless of income.
  • Massachusetts
    Massachusetts provides up to $3,500 rebates for purchasing or leasing new or used electric and fuel cell vehicles, with additional rebates up to $1,500 for income-qualified buyers and further benefits for trades from gas-powered cars.
  • Maryland
    Maryland offers an excise tax credit of up to $3,000 for qualified EV purchases (purchase price capped at $50,000). Additional rebates, such as up to $700 for installing EV charging stations, and utility-specific incentives are also available.
  • California, Vermont, Connecticut, Oregon
    These states are also noted for offering rebates of $7,500 or more, placing them among the top states for EV incentives.

Summary Table of Top EV Tax Credits

State Maximum EV Credit/Rebate Notes
Colorado Up to $7,500 Full $7,500 under $35k vehicle price; partial $5,000 up to $80k
Maine Up to $7,500 Income-based tiers; up to $2,000 for any income
California $7,500 or more Generous rebates combined with federal incentives
Vermont $7,500 or more Noted for high rebates
Connecticut $7,500 or more Strong incentives
Oregon $7,500 or more Strong incentives
Massachusetts Up to $3,500 Additional income-qualified incentives
Maryland Up to $3,000 (excise) Plus charger rebates and utility programs

These states provide the highest direct financial incentives to reduce the cost of EV ownership, supplementing the federal EV tax credit. The specifics vary by income, vehicle price, and whether the vehicle is new or used, but Colorado, Maine, California, and several Northeastern states top the list for the most generous state-level EV tax credits and rebates in 2025.

Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-states-offer-the-highest-ev-tax-credits/

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