Federal tax credits for electric vehicles are standardized across all states, offering up to $7,500 for qualifying new EVs and up to $4,000 for pre-owned EVs under federal law. No state offers additional federal credits, as these are nationwide incentives administered by the IRS. However, many states provide supplemental rebates or tax credits that stack with the federal credit:
Top State-Level EV Incentives
- Maryland:
- $3,000 excise tax credit for EVs under $50,000.
- $700 rebate for home charger installations.
- Massachusetts:
- $3,500 rebate for new EV purchases (plus $1,500 for income-qualified buyers).
- $250 discount on Level 2 chargers.
- California (not detailed in results but noted in state-by-state coverage):
Historically offers rebates (e.g., $2,000–$7,500 in past programs), though specifics for 2025 are not listed here. - New York (not detailed in results but included in state-by-state guidance):
Previous incentives included $2,000 rebates; check updated 2025 programs.
Federal Requirements
- Final assembly must occur in North America.
- MSRP caps apply (e.g., SUVs/pickups under $80,000, others under $55,000).
- Income limits: $150k (single), $225k (head of household), $300k (joint filers).
For state-specific details beyond the examples above, refer to resources like state energy offices or the Electrek guide.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-states-offer-the-highest-federal-tax-credits-for-electric-vehicles/
