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.
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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.State Rebate
$7,500Maximum RebateThe Oregon Department of Environmental Quality through the Clean Vehicle Rebate Program offers a Standard Rebate of $2,500, or a total of $7,500 (which includes the Charge Ahead Rebate for income qualified applicants) for the purchase or lease of a qualifying new battery electric or plug-in hybrid electric vehicle. Oregon residents can apply for the rebate at point-of-sale at a participating dealership or apply post-purchase using the online application. To qualify:
- Base MSRP of vehicle not to exceed $50,000.
- Vehicle must be purchased or leased after May 22, 2025.
- Must register the vehicle in Oregon and retain for at least 24 months.
- Leased vehicles must have a lease term of at least 24 months.
Additional information:
- Income eligible applicants with a total household income below 400 percent of the Federal Income Poverty level may receive an additional Charge Ahead rebate of $5,000. May provide proof of participation in an eligible public assistance program to qualify. Charge Ahead pre-qualification is required.
To learn more, visit https://evrebate.oregon.gov/
Select Inventory Offer
$1,000Maximum RebateCustomers that purchase an eligible new Hyundai vehicle that has been in dealer stock for over 180+ will qualify.First Responder Offer
$500Maximum RebateAll First Responders (Police Officers, Sheriffs/Sheriff Deputies, Correctional Officers, State Troopers and Federal Law Enforcement Officers, Firefighters (paid or volunteer), EMT/Paramedics and 911 Dispatchers) serving their communities in eligible job roles may receive special incentives on select vehicles. Proof of employment required, see retailer for complete eligibility requirements and acceptable documentation. Non-transferable to family members or other occupants of household.Military Offer
$500Maximum RebateActive Active Duty, Reservist/National Guard, Retired, or Veteran of the U.S. Military may receive special incentives on select vehicles. Proof of active service or discharge required. Not transferable to friends or family members (besides spouse).Utility EV Charger Offer
$300Maximum RebatePortland General Electric (PGE) offers EV owners a rebate of up to $300 towards the installation and cost of a Level 2 charging station.To qualify for this rebate, the customer and/or charging station must meet the following requirements:
- Receive electricity from Portland General Electric (PGE).
- Have an electric or plug-in hybrid vehicle.
- Up to $1,000 for low income qualified households.
Additional Information:
Third Party EV Charger Offer
$100Maximum RebateEdmunds is partnering with Treehouse, an independent provider of home EV installation services. Edmunds visitors receive a $100 discount when they contract with Treehouse for their home charger installation. Discount excludes permit, hosted inspection, and load management devices. Valid for 30 days.To learn more, visit https://treehouse.pro/edmundsdiscount/
Complimentary Charging Offer
The Vehicle Charging Benefit is an agreement between Hyundai Motor America and ChargePoint. This program gives customers who purchase or lease a new IONIQ 9 the option of choosing between receiving a coupon code for a Level 2 ChargePoint Home Flex EV charger ($549 value) or receiving a $400 credit for use at out-of-home ChargePoint charging stations. Either offer must be redeemed within 60 days of the lease or purchase contract date. If opting for the ChargePoint Home Flex EV charger, paid installation through Hyundai Home is required. Customers opting for the $400 charging credit will have two years from the date of redemption to use. Offer is non-transferable. See your participating dealer for details.Complimentary Charging Offer
This program is a charging agreement between Hyundai Motor America and Electrify America. Customers who purchase a new IONIQ 6 will receive 2 years of complimentary 30-minute DC fast charging or 60-minute Level 2 charging on the Electrify America network. Complimentary charging begins upon date of vehicle purchase or lease. Offer is non-transferable. See your participating dealer for details.
2025 Hyundai IONIQ 6
$15,000Vehicle Rebates$400Charging Rebates+ more qualifying rebates2024 Hyundai IONIQ 6
$7,500Vehicle Rebates$400Charging 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.