While the current generation is quite big on getting electric vehicles, the price tag attached to it can put a damper on that dream.
Fortunately, there are quite a few EV Tax credits, rebates, and incentives that could help in accelerating the adoption of Electric Vehicles throughout the country. But one has to remember that most of these facilities are contingent on the electric vehicle one ends up purchasing. For example, if one secures a big federal rebate of $7,500, it would require the final assembly of the car to take place in the country. There are also several rebates available for level-2 chargers that are installed at the homes of the consumers.
Multiple EV Tax Credits and Rebates In Place For US Citizens
There are a couple of nationwide EV tax credits and rebates, of which one is the Federal Plug-In Electric Drive Vehicle Credit, which would offer a tax credit of $7,500 on qualifying purchases. The other rebate would be the Used Clean Vehicle Credit, which would cut 30% of the sale price, with a tax credit of $4000.
The state of Alabama has also offered the Alabama Power EV TOU Incentive, which would offer one 1.7155 cents/Wh off-peak discount. In Alaska, users would be able to avail of the Alaska Power and Telephone Company rebate, which would offer $1,000 on EVs 14 kWh and up. One could also avail of the Chugach charger incentive, which would provide one with a credit sum of $200.
In the state of California, there are multiple EV tax credits, rebates, and incentives for every citizen. The California Clean Vehicle Rebate Project will offer up to $7,500 as a credit to citizens in the state. One could also choose the Vehicle Buy Back Program, which would be worth $1,200. Citizens will also have the option to choose the Bay Area Clean Cars for All, which provides a rebate of $8,500 per EV, and the Pasadena Water and Power electric vehicle and charger incentives, which would offer a rebate of $1,500 for EVs and $600 for the charger.
