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Electric Vehicle Offers & Information

Electric Vehicle Federal Tax Credit up to $7,500

Electric Vehicle Federal Tax Credit up to $7,500 logo

A federal income tax credit up to $7,500 is available for the purchase of a qualifying EV. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's battery capacity and the gross vehicle weight rating. Your eligibility for income tax credits depends on your personal tax situation. We recommend speaking with a tax professional for guidance.

The credit begins to phase out for each vehicle manufacturer once they have sold 200,000 eligible electric vehicles in the United States (as counted from January 1, 2010). The IRS will announce when a manufacturer exceeds this production volume and will announce the subsequent phase-out schedule on the IRS website.

  • Consult your tax adviser to make sure you qualify
  • Max tax credit $7,500
  • Restrictions apply, subject to change without notice
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Incentive Information

Electric Vehicle Federal Tax Incentive up to $7,500

EV Charging Equipment Federal Tax Credit up to $1,000 [Expired]

EV Charging Equipment Federal Tax Credit up to $1,000 [Expired] logo

Consumers who purchase qualified residential charging equipment prior to December 31, 2021, may receive a tax credit of 30% of the cost, up to $1,000. Permitting and inspection fees are not included in covered expenses.

NOTE: This incentive originally expired on December 31, 2016, but was retroactively extended through December 31, 2020, by Public Law 116-94. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended the alternative fuel vehicle refueling property credit to cover refueling property placed in service in 2021.

  • Consult a tax professional to see if your installation qualifies
  • Visit IRS website for additional information
  • We're providing this information for those who may still be filing 2021 taxes
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Incentive Information

Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.

Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program

Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program logo

MEA is working with Marylanders to expand the State's growing electric vehicle recharging infrastructure through the Electric Vehicle Supply Equipment Rebate Program 2.0.

Through the program, residents, governments and businesses can acquire a state rebate for purchasing or installing an electric vehicle charging station, known as Electric Vehicle Supply Equipment (EVSE). In order to receive these rebates, eligible participants must apply with MEA, which will issue rebates on a first-c​ome, first-served basis.

  • Must be resident of Maryland
  • Rebate is 40% of the purchase and installation price (capped at 40% up to $700)
  • Subject to program funding availability
  • Restrictions apply; visit program website for details
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Incentive Information

Residential rebate is 40% of the purchase and installation price up to $700 (cap)
Commercial rebate is 40% of the purchase and installation price up to $4000 (cap)

Maryland $3000 One-Time Excise Tax Credit for Plug-in EV [Expired]

Maryland $3000 One-Time Excise Tax Credit for Plug-in EV [Expired] logo

ATTENTION- 4/20/22 Funding Status Update: Funding for the FY22 EVSE Rebate Program has been depleted with 100% of the budgeted funds having been committed. Please check program website for funding updates!

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Program details: You may be eligible for a one-time excise tax credit, up to $3000.00, when you purchase a qualifying plug-in electric vehicle. Effective July 1, 2023 through July 1, 2027, an individual may be entitled to receive an excise tax credit on a qualifying plug-in electric vehicle regardless of whether they own or lease the vehicle. Business entities may also qualify for the tax credit on up to ten vehicles.

  • The criteria for a qualifying plug-in electric vehicle are as follows:
  • The vehicle must be primarily for use on public streets, roads and highways.
  • The vehicle cannot be modified from manufacturer's specifications.
  • Must be a new vehicle titled for the first time between July 1, 2023 and July 1, 2027.
  • The vehicle must be acquired for use by the taxpayer, and not for resale.
  • The vehicle must be capable of recharge from external source of electricity.
  • Has a battery capacity of at least 4.0 kilowatt-hours.
  • Has a total purchase price not exceeding $50,000.
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Incentive Information

You may be eligible for a one-time excise tax credit, up to $3000.00, when you purchase a qualifying plug-in electric vehicle.

• Restrictions apply, visit program website for details.