State Tax Incentives for EV Owners

The Electric Generation As we near the April 15th IRS tax filing deadline, we’d like to share several state tax incentives that shouldn’t be missed*. EV buyers can claim tax credits for purchase and costs of EVs and EV charging equipment in certain states.

Since tax credits and other incentives have an influence on EV ownership, we highlighted a few states that offer great incentives for EV enthusiasts. Check them out and let us know if you have utilized one or all of the incentives your state has to offer.

*The content provided is for informational purposes only. It is subject to change, and does not constitute tax advice.

Washington

(Image source: gzmag)

In Washington, EVs are exempt from the 6.5 percent sales tax, and tax exemptions also apply to charging station equipment and service. Be aware that these tax

exemptions expire on July 1, 2015. (Image source: GAS2)

California

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Currently, Chevrolet Volt and Nissan Leaf owners have the option to utilize a wireless charging solution for their cars. Wireless company Evatran

makes Plugless Power chargers and is continuing to work with EV manufacturer to bring wireless charging to new EV models as they launch.

(Image source: Plugless Power)

The state provides rebates of up to $2,500 per vehicle to be claimed by individuals and businesses. Although the rebates are in effect through 2015, they are awarded

on a first come, first serve basis until funding runs out. (Image source: Favim.com)

California

Georgia

Toyota has also started testing a wireless electric car charging station for the Prius Plug-in. Toyota also developed a new parking assist function that shows the position

of the transmitting coil in the parking space, aiding the car to automatically park itself so that it can get the best charge. These tests are being conducted in Japan,

and Toyota plans to introduce the technology on near-future models.

(Image source: Auto Evolution)

In Georgia, an income tax credit is available for up to 20 percent of the cost to purchase or lease an electric vehicle, or $5,000, whichever is less. Businesses can

also receive an income tax credit of 10 percent of the cost of purchasing EV charging equipment, up to a maximum credit of $2,500. (Image source: Atlanta)

Georgia

Oregon

AeroVironment’s TurboCord is the smallest plug-in EV charger on the market, giving EV owners the flexibility and freedom to charge up at home, at work, or on vacation—almost anywhere there is a 120 or 240 volt outlet.

(Image source: EV Solutions)Through December 31, 2017, Oregon offers current EV owners a non-refundable income tax credit of up to $750 to purchase an EV charger. Additionally, a non-

refundable income tax credit of 35 percent of the cost to purchase an EV charger is available if the charger is to be used in a trade or business.(Image source: OnTravel)

Oregon

(Image source: Inside EVs)

Zero emission vehicles sold, rented, or leased in New Jersey are exempt from state sales and use tax. This exemption is not applicable to partial zero emission

vehicles, including hybrid electric vehicles.(Image source: ToSimplify)

New Jersey

Maryland

(Image source: gzmag)

In the state of Maryland, a tax credit of 20 percent of the cost of electric vehicle recharging equipment is available. The tax credit cannot exceed $400 per

individual recharging station. (Image source: Shed )