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
State Rebate
$15,000Maximum RebateFunded by the Department of Energy Resources (DOER) under the Executive Office of Energy and Environmental Affairs, the MOR-EV Medium- and Heavy-Duty Vehicle Rebate provides a Voucher Block which varies from $10,838 up to $15,000 (200 vouchers per block). Rebates for eligible vehicles are reserved by applicants prior to purchase or lease through a voucher system. Check block status to see actual amount available. To qualify:
- Vehicle must be a Class 3 battery electric truck with a gross vehicle weight rating exceeding 10,000 lbs.
- Sales price must be $2,000,000 or less.
- Must be a resident of Massachusetts.
- Vehicles must be retained and registered in Massachusetts for at least 48 consecutive months beginning immediately after the vehicle purchase or lease.
- Leased vehicles are required to have lease terms of at least 48 months to be eligible for the program.
- Vehicles that have received incentive funds from other Massachusetts programs are not eligible.
Additional information:
- Voucher Block 1: First 200 vouchers receive $15,000.
- Voucher Block 2: Next 200 vouchers receive $12,750.
- Voucher Block 3: Last 200 vouchers receive $10,838.
- Check block level status to see actual amount available.
To learn more and apply, visit https://mor-ev.org/trucks-3-8
Customer Cash
$12,500Maximum RebateReceive a customer bonus when you purchase or lease a new Q4 e-tron 45 RWD/Q4 e-tron 55/Q4 Sportback e-tron 55, Q7 55, SQ8, SQ7, A3 Sedan 40/S3 Sedan, A5 Sportback 40/A5 Sportback 45/S5 Sportback, A6 Sedan 45/A6 Sedan 55, Q5 40/Q5 S line 45, Q5 S line 55 TFSI e quattro, Q5 Sportback S line 45, A4 Sedan 40/A4 Sedan 45/S4 Sedan, SQ5 Sportback, Q8 55, SQ5, S e-tron GT/RS e-tron GT performance, A8 55/S8, 2024 Audi Q5 S line 55 TFSI e quattro, e-tron GT, RS e-tron GT *Audi of America, Inc. will pay a $1,000 customer bonus when you purchase or lease a new, unused 2025 Audi Q4 e-tron 45 RWD/Q4 e-tron 55/Q4 Sportback e-tron 55; a $1,500 customer bonus when you purchase or lease a new, unused 2025 Audi Q7 55; a $2,000 customer bonus when you purchase or lease a new, unused 2025 Audi SQ8; a $2,500 customer bonus when you purchase or lease a new, unused 2025 Audi SQ7; a $3,000 customer bonus when you purchase or lease a new, unused 2025 Audi A3 Sedan 40/S3 Sedan, A5 Sportback 40/A5 Sportback 45/S5 Sportback, A6 Sedan 45/A6 Sedan 55, Q5 40/Q5 S line 45, Q5 S line 55 TFSI e quattro, Q5 Sportback S line 45; a $4,000 customer bonus when you purchase or lease a new, unused 2025 Audi A4 Sedan 40/A4 Sedan 45/S4 Sedan, SQ5 Sportback, Q8 55; a $5,000 customer bonus when you purchase or lease a new, unused 2025 Audi SQ5, S e-tron GT/RS e-tron GT performance; a $10,000 customer bonus when you purchase or lease a new, unused 2025 Audi A8 55/S8*, a $5,000 customer bonus when you purchase or lease a new, unused 2024 Audi Q5 S line 55 TFSI e quattro; a $7,500 customer bonus when you purchase or lease a new, unused 2024 Audi e-tron GT; a $12,500 customer bonus when you purchase or lease a new, unused 2024 Audi RS e-tron GT through participating dealers. Offer ends 04/30/2025. Customer bonus applied toward purchase or lease and is not redeemable for cash. Offer not valid in Puerto Rico. See your local Audi dealer or, for general product information, call 1-800-FOR-AUDI. 2025 Audi of America, Inc.Customer Cash
$11,000Maximum RebateCustomer Cash from Kia America for the purchase of a new Kia. Customer Cash must be applied toward the purchase of a new Kia and not available for cash. Subject to vehicle availability and dealer participation. Offers may not be combined except where specified. Must take delivery by 04-30-2025. Limited inventory available. Offer not available for leases. See Kia retailer for available stock.Customer Bonus Cash
$10,500Maximum RebateCustomers purchasing select Volkswagen models may be eligible for bonus cash incentive. Cash Bonus is in lieu of VWFS special APR, See your Volkswagen retailer for complete details.Customer Bonus Cash
$8,000Maximum RebateContact dealer for details. Must take delivery by 04/30/2025. (24CRA)Clean Vehicle Offer
$7,500Maximum RebateGM EV Bonus Cash is only available on select vehicle VINs not eligible for the IRA Clean Vehicle Federal Tax Credit. Not available with special finance or lease offers. Offer terms subject to change. See dealer for details.Clean Vehicle Offer
$7,500Maximum RebateEligible customers may receive rebate towards the purchase or finance on select vehicles. Residency restrictions apply.Customer Bonus Cash
$7,500Maximum RebateEligible customers may receive cash incentive. Cash incentive may be incompatible with certain finance types or other cash programs, based on individual program rules. Residency restrictions apply.Customer Bonus Cash
$7,500Maximum RebateGenesis Retail Bonus Cash for customer that purchase a new Genesis model. Not compatible with subvented lease or APR programs.Customer Cash
$7,500Maximum RebateContact dealer for details. Must take delivery by 04/30/2025. (24CR1)Customer Cash
$7,500Maximum RebateRetail customers may be eligible for cash incentive. Incentive may not be combined with NMAC Lease or Special APR financing. Residency restrictions apply.Customer Cash
$7,500Maximum RebateContact dealer for details. Must take delivery by 04/30/2025. (24CR1)Customer Cash
$7,500Maximum RebatePurchase Allowance applies to select MY24 and MY25 Volvo vehicles sold as a cash purchase or financed through Volvo Car Financial Services (VCFS), the Purchase Allowance is not combinable with vehicles sold with the Promotional APR Financing Rate through Volvo Car Financial Services (VCFS). Available to qualified customers that meet Volvo Car Financial Services (VCFS) credit standards at authorized Volvo Cars Retailers. Not everyone will qualify for credit approval. Advertised financing does not include taxes, title, registration, license, and other dealer fees. Car shown with optional equipment. All offers are subject to vehicle availability. Must take delivery of vehicle between April 01, 2025 and April 30, 2025. See your participating Volvo Cars Retailer for details.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
State EV Offer
$6,500Maximum RebateRide Clean Mass, funded by the Massachusetts Clean Energy Center, offers $6,500 to qualified Uber, Lyft, and taxi drivers for the purchase of a qualifying new battery electric or hydrogen fuel cell vehicle. Participants will apply to receive as a consumer-direct rebate after purchase of eligible vehicle. To qualify:
- Vehicle must be on the MOR-EV eligibility list (Vehicle sales price must be $55,000 or less).
- Vehicle must be purchased on or after November 12, 2024.
- Applicant must have a driver's license, car insurance, and show proof of Massachusetts residency.
- For Uber and Lyft drivers: Completed 400 rides in the last quarter, or driven 1,800 miles in the last quarter, as well as during three of the last four quarters.
- For taxi drivers: Own or lease a taxi medallion and hold a taxi license/permit.
Additional information:
- Eligible drivers who plan on renting a vehicle instead of purchasing may receive up to $100 per week for up to 4 weeks to help cover the cost of renting an EV. Rental weeks must be consecutive.
To learn more, visit Ride Clean Mass
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.
2024 Volkswagen ID.4
$23,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Kia EV6
$22,500Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Nissan LEAF
$21,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Kia Niro EV
$21,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Hyundai IONIQ 6
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Tesla Model 3
$20,000Vehicle Rebates$100Charging Rebates2025 Cadillac OPTIQ
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Chevrolet Equinox EV
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Nissan ARIYA
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Hyundai IONIQ 6
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Hyundai IONIQ 5
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Chevrolet Equinox EV
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2024 Volvo XC40 Recharge
$20,000Vehicle Rebates$100Charging Rebates+ more qualifying rebates2025 Tesla Model Y
$20,000Vehicle Rebates$100Charging Rebates2025 Chevrolet Blazer EV
$20,000Vehicle 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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