Electric vehicle tax credits, rebates and other incentives
Use this tool to find generally available and qualifying tax credits, incentives and rebates that may apply to your purchase or lease of an electric vehicle. You'll find the latest federal,… local municipality, utility and automaker-sponsored programs that can reduce the price of your next EV or PHEV. We’re constantly updating the list of available programs, so make sure to check back often for the latest opportunities.
140 results
Federal Credit
$7,500Maximum RebateUnder the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Clean Vehicle Tax Credit of $3,750 or $7,500 depending on model eligibility for the purchase of a new plug-in electric vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. To be eligible:
- A vehicle must have undergone final assembly in North America (the United States and Puerto Rico, Canada, or Mexico).
- Critical mineral and battery component requirements determine credit amount.
- Maximum MSRP of $55,000 for cars and $80,000 for SUVs/trucks/vans.
- Income eligibility applies depending on modified adjusted gross income (AGI) and tax filing status.
To learn more, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
In Stock Inventory Offer
$5,500Maximum Rebate2024 Mach-E/Lightning VIN Specific Bonus Cash (#32578). Eligible buyers may receive 2024 Mach-E/Lightning VIN Specific Bonus Cash on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Take new retail delivery from dealer stock by 07/07/2025. Residency restrictions apply. See dealer for qualifications and complete details.Customer Bonus Cash
$2,500Maximum RebateRetail Bonus Cash (#11442). Eligible buyers may receive Retail Bonus Cash on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Take new retail delivery from dealer stock by 06/02/2025. Residency restrictions apply. See dealer for qualifications and complete details.Affiliations, Clubs or Groups Offer
$2,000Maximum RebateFor a limited time, eligible Costco members can get an incentive on select new Audi models.* *To qualify for the Audi Limited-Time Special, you must: (1) be a current Costco member by March 3, 2025; (2) register with Costco Auto Program online or through its call center to receive a certificate with your unique promotion code by April 30, 2025; (3) present your certificate and unique promotion code to a participating Audi dealer at the time of visit; (4) purchase or lease a select, new and unused 2024 or 2025 Audi between March 4, 2025, and April 30, 2025, to receive a Costco member-only incentive: $1,000 towards Audi A3, S3, Q3, Q4 e-tron, Q4 Sportback e-tron, or $2,000 towards Audi A5 Sportback, S5 Sportback, A6 Sedan, A6 Allroad, S6, A7 sedan, S7, A8, S8, Q5, Q5 Sportback, SQ5, SQ5 Sportback, Q6 e-tron, SQ6 e-tron, Q7, SQ7, Q8, SQ8, Q8 e-tron, Q8 Sportback e-tron, SQ8 e-tron, SQ8 Sportback e-tron, e-tron GT, S e-tron GT, RS e-tron GT. Incentive will be applied toward eligible purchase or lease and is compatible with current manufacturer incentives for which you qualify. May not be combined with Dealer Employee Purchase Program, VIP & Diplomat Sales Program, or any Corporate Sales Program. Incentive not redeemable for cash. This Limited-Time Special excludes Audi A5 Coupe, S5 Coupe, A5 Cabriolet, S5 Cabriolet, R models, RS models (except RS e-tron GT). Promotion codes are not transferable. Valid only to whom the unique offer is addressed or members of the same household. Vehicles sold in the name of a business will be verified against the primary purchaser's driver's license to ensure eligibility. Only one promotion code per VIN will be accepted. Visit CostcoAuto.com/Audi for full details. Costco and its affiliates do not sell automobiles or negotiate individual transactions.Adaptive Equipment Allowance
$1,500Maximum RebateAudi is pleased to announce that we are continuing the Mobility Assistance Program for handicap hand controls that are installed on any qualifying Audi model. We will also consider other types of handicap assists (or other approved handicap assistance devices.) to anyone who purchases or leases a new Audi or CPO Audi vehicle. All exception requests from dealers should be made directly to mobilityassistance@audi.comAffiliations, Clubs or Groups Offer
$1,500Maximum RebateUAW Member Offer (#32310). Eligible buyers may receive a UAW Member Offer on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Not all buyers will qualify. Take new retail delivery from dealer stock by 07/07/2025. Residency restrictions apply. See dealer for qualifications and complete details.Adaptive Equipment Allowance
$1,000Maximum RebateThe FCA US Driveability / Automobility Program offers eligible physically challenged (physically disabled) U.S. retail consumers a cash allowance applied to the retail purchase (Type 1 sale), Lease (Type Sale L), or business (Type B or Type E) or 2nd Stage Manufacturer (Type Sale 8) of adaptive driving or passenger equipment installed on a new eligible vehicle. Authorized FCA US LLC dealerships are eligible to apply the cash reimbursement on lowered floor conversions only (a maximum of up to $1,000) to the complete purchase or lease of an eligible adapted vehicle transaction; qualifying the dealer for direct cash allowance reimbursement under this program. Refer to the Authorized Dealer Section of the rules for further definitions, eligibilities and details. Restrictions apply.Adaptive Equipment Allowance
$1,000Maximum RebateThe FCA US Driveability / Automobility Program offers eligible physically challenged (physically disabled) U.S. retail consumers a cash allowance applied to the retail purchase (Type 1 sale), Lease (Type Sale L), or business (Type B or Type E) or 2nd Stage Manufacturer (Type Sale 8) of adaptive driving or passenger equipment installed on a new eligible vehicle. Authorized FCA US LLC dealerships are eligible to apply the cash reimbursement on lowered floor conversions only (a maximum of up to $1,000) to the complete purchase or lease of an eligible adapted vehicle transaction; qualifying the dealer for direct cash allowance reimbursement under this program. Refer to the Authorized Dealer Section of the rules for further definitions, eligibilities and details. Restrictions apply.Affiliations, Clubs or Groups Offer
$1,000Maximum RebateAmerican Medical Association Members, American Dental Association Members, American Bar Association Members with eligible PIN may be eligible for incentive. See your Volvo retailer for complete details.First Responder Offer
$1,000Maximum RebateOffer available to Police Officers, Sheriffs/Sheriff's Deputies, Correctional Officers, State Troopers, Federal Law Enforcement Officers, Career Firefighters, Volunteer Firefighters, EMTs and Paramedics. Spouses of deceased Police Officers, Firemen and EMTs who died in the line of duty are also eligible. Eligible customers must be in possession of a valid First Responders Validation ID and must show proof with qualifying documentation. Contact dealer for details. Must take delivery by 06/30/2025. (47CSA9)Student or College Grad Offer
$750Maximum Rebate2025 College Student Recognition Exclusive Cash Reward Pgm. (#32520). Eligible buyers may receive a 2025 College Student Recognition Exclusive Cash Reward Pgm. on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Not all buyers will qualify. Take new retail delivery from dealer stock by 01/05/2026. Residency restrictions apply. See dealer for qualifications and complete details.Complimentary Charging Offer
$500Maximum RebateOffer cannot be combined with complimentary home charger installation offer. EV Public Charging Credit #11436. Ford is offering a $500 Public Charging Credit to customers who purchase or lease a 2022-2025 Mach-E, F-150 Lightning, Transit ElectricFirst Responder Offer
$500Maximum Rebate2025 First Responder Recognition Exclusive Cash Reward (#32522). Eligible buyers may receive a 2025 First Responder Recognition Exclusive Cash Reward on select new vehicles. Incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Not all buyers will qualify. Take new retail delivery from dealer stock by 01/05/2026. Residency restrictions apply. See dealer for qualifications and complete details.First Responder Offer
$500Maximum RebateGeneral Motors First Responder Cash Allowance Program. Eligible customers which include firefighters, police, EMT/paramedics and 911 dispatch can use this allowance toward the purchase/lease of an eligible model. Proof of employment and authorization code required. See dealer for details or visit www.gmfirstresponderdiscount.com for complete eligibility details.First Responder Offer
$500Maximum RebateGeneral Motors First Responder Cash Allowance Program. Eligible customers which include firefighters, police, EMT/paramedics and 911 dispatch can use this allowance toward the purchase/lease of an eligible model. Proof of employment and authorization code required. See dealer for details or visit www.gmfirstresponderdiscount.com for complete eligibility details.First Responder Offer
$500Maximum RebateGeneral Motors First Responder Cash Allowance Program. Eligible customers which include firefighters, police, EMT/paramedics and 911 dispatch can use this allowance toward the purchase/lease of an eligible model. Proof of employment and authorization code required. See dealer for details or visit www.gmfirstresponderdiscount.com for complete eligibility details.
2024 Chevrolet Blazer EV
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Tesla Model Y
$7,500Vehicle Rebates$100Charging Rebates2024 Honda Prologue
$7,500Vehicle Rebates$100Charging Rebates2025 Chevrolet Blazer EV
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Honda Prologue
$7,500Vehicle Rebates$100Charging Rebates2024 Ford F-150 Lightning
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Tesla Model 3
$7,500Vehicle Rebates$100Charging Rebates2026 Tesla Model Y
$7,500Vehicle Rebates$100Charging Rebates2024 Acura ZDX
$7,500Vehicle Rebates$100Charging Rebates2025 Hyundai IONIQ 5
$7,500Vehicle Rebates$100Charging Rebates2025 Ford F-150 Lightning
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Chevrolet Equinox EV
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Jeep Wagoneer S
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Tesla Cybertruck
$7,500Vehicle Rebates$100Charging Rebates2025 Cadillac OPTIQ
$7,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates
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Federal EV Tax Credits Overview
Shopping for an electric vehicle (EV) or a plug-in hybrid electric vehicle (PHEV)? According to the landmark Inflation Reduction Act of August 2022, you can get up to $7,500 in tax credits if you purchase an EV or a PHEV, but it very much depends on the make and model you're considering. We'll give you the highlights here and encourage you to visit our in-depth analysis of the Inflation Reduction Act for full details. Additional incentives may be provided at the state and local levels, but our purpose here is to summarize federal EV tax incentives, not state and local incentives.
Federal EV Tax Credit Incentive #1: North American Final Assembly
You can't get any EV tax credits or PHEV tax credits unless the vehicle was assembled in North America, full stop. In the short run, this leaves some automakers out in the cold, but the idea is to create a new incentive to build clean vehicles right here on our home turf. Notably, meeting this final assembly requirement doesn't automatically mean you get a tax credit -- it just gets your foot in the door. Provided that the vehicle is assembled in North America, it may qualify for federal tax credits if further conditions are met. Specifically, the maximum $7,500 federal EV tax credit is made up of two separate $3,750 credits, one targeting EV battery minerals and the other EV battery components.
Federal EV Tax Credit Incentive #2: Origin of Critical Battery Minerals ($3,750 Tax Credit)
As with vehicle assembly, the U.S. government also wants to move the sourcing of critical battery minerals closer to home, at least in terms of trade partnerships. To this end, increasing percentages of critical EV battery minerals must be sourced from the U.S. itself or a U.S. free-trade partner, starting with 40% for 2023. The minimum percentage escalates quickly to 80% by 2027. Unless the EV or PHEV you purchase meets this requirement, you won't have access to at least half of the $7,500 maximum federal EV tax credit.
Federal EV Tax Credit Incentive #3: Origin of Battery Components ($3,750 Tax Credit)
Moving back to the assembly side, the U.S. likewise wants to incentivize the production of battery components at home or in free-trade partner countries. To enable this half of the $7,500 maximum tax credit for 2023, at least 50% of your vehicle's battery components must have been produced in the U.S. or in countries that have free-trade agreements with the U.S. Note that the minimum threshold escalates steadily to a full 100% by 2029, whereas the previous requirement regarding battery minerals stops (for now) at 80% in 2027.
Federal EV Tax Credit Incentive #4: No Involvement by Blacklisted Countries After 2023
Here's another one that's just about getting your foot in the door. In a not-so-subtle shot at China, which jumped out to a big lead in the EV battery business, the U.S. government has stipulated that once the calendar year flips to 2024, the EV or PHEV you purchase won't qualify for federal EV tax credits if any battery components came from a "foreign entity of concern," a short list that includes China, Russia, Iran and North Korea. For 2025, the stipulation will extend to critical battery minerals. Here again we can expect some short-term pain for automakers as they pivot from dependence on Chinese suppliers, but the financial incentives pushing that pivot are strong.
Federal EV Tax Credit Incentive #5: Price Limits
We use the plural because it depends on the type of vehicle you're considering. If it's an SUV, van, or pickup truck, it can't cost more than $80,000 or else it's not eligible for federal EV tax credits. For all other vehicle types, the eligibility limit drops to $55,000. The point of this incentive is to stimulate production of relatively affordable EVs as opposed to ultra-luxury models.
Federal EV Tax Credit Incentive #6: Buyer Income Limits
Finally, there's the question of how much money the buyer makes. Clearly the government wants to incentivize EV purchases within the middle class, because if you file your taxes as an individual, you won't qualify for federal EV tax credits unless you have a modified gross adjusted income (MAGI) of less than $150,000. If you file as head of household, that limit increases to $225,000, while joint filers can have a combined MAGI of up to $300,000.
FAQ
EV Tax Credits Vehicle Eligibility
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