Electric vehicle incentives are available to those who purchase a new Tesla vehicle. A $7,500 federal income tax credit is available to all customers and several states offer additional incentives, often taking the form of a rebate. Rebates can be claimed immediately after purchase, while tax credits are claimed when filing income taxes.
Many states also offer non-cash incentives, such as carpool lane access in California and free municipal parking.
|All states||$7,500 income tax credit|
|Arizona||Reduced Vehicle License Tax, Carpool lane access and reduced rates for electric vehicle charging|
|California||$2,500 rebate (based on income eligibility)|
|Connecticut||$3,000 rebate for new vehicles under $60,000|
|Colorado||$5,000 tax credit for purchase of a new vehicle
$2,500 tax credit for lease of a new vehicle
|Delaware||$1,000 rebate for new vehicles over $60,000
$3,500 rebate for new vehicles under $60,000
|Hawaii||Carpool lane access and reduced rates for electric vehicle charging|
|Louisiana||$2,500 income tax credit|
|Maryland||$3,000 Excise Tax Credit for new vehicles under $60,000
$700 rebate on wall connectors and installation
|Massachusetts||$1,000 rebate for new vehicles over $60,000
$2,500 rebate for new vehicles under $60,000
|Nevada||Reduced rates for electric vehicle charging|
|New Jersey||Sales tax exempt|
|New York||$500 rebate for new vehicles over $60,000
$2,000 rebate for new vehicles under $60,000
|Oregon||$750 rebate on wall connectors and installation (more for commercial use)|
|Pennsylvania||$1,750 rebate for new vehicles $50,000 and under
(500 rebates available between January 1 and June 30, 2018)
|Washington||Partial sales tax exemption for new vehicles under $42,500|
|Washington DC||Excise tax exempt|
All of the above incentives are available when purchasing a Tesla vehicle with cash or a loan. Only California, Colorado, Massachusetts, and Tennessee incentives are available when leasing a Tesla vehicle.
Incentive programs are offered and administered by government agencies. Eligibility and availability vary and are outside of Tesla’s control. Most programs are limited to a total dollar amount that can be dispersed or will expire on a certain date. Be sure to visit the state program’s website for the most up-to-date information on availability and redemption requirements.
Your eligibility for income tax credits depends on your personal tax situation. We recommend speaking with a tax professional for guidance.