Loader graphic
Cancel

EV Federal Tax Credit

A federal income tax credit of up to $7,500 is available for the purchase of a qualifying electric vehicle, based on the vehicle's battery capacity and the gross vehicle weight rating. The minimum credit amount is $2,500. Your eligibility for income tax credits depends on your personal tax situation. We recommend speaking with a tax professional for guidance.

The credit begins to phase out for each vehicle manufacturer once they have sold 200,000 eligible electric vehicles in the United States (as counted from January 1, 2010). The IRS will announce when a manufacturer exceeds this production volume and will announce the subsequent phase out schedule on the IRS website.
Federal Tax Credit Info

EV Charging Equipment Federal Tax Credit

A federal tax credit of 30% of the cost of installing EV charging equipment, which had expired December 31, 2016, has been retroactively extended through December 31, 2020. If you installed charging equipment after January 1, 2017 or if you install equipment before the end of this year, you may be eligible to claim this credit, up to $1,000. Your eligibility for income tax credits depends on your personal tax situation. We recommend speaking with a tax professional for guidance. See IRS Form 8911 for information.
IRS Form 8911
*MSRP provided by area dealers. Subject to change without notice. Actual prices may vary based on model type and trim packages. Consult local dealers for actual pricing.
**Federal Tax Credit is only available to those who qualify and may have additional requirements. Consult a tax professional to determine if you qualify.
***This is only an estimate. Utility does not make any guarantees that customers will qualify for any of the above tax credits or rebates. Consult a tax professional to determine if you qualify.
Configured for customers in the state of Virginia.
*MSRP provided by area dealers. Subject to change without notice. Actual prices may vary based on model type and trim packages. Consult local dealers for actual pricing.
**Federal Tax Credit is only available to those who qualify and may have additional requirements. Consult a tax professional to determine if you qualify.
***This is only an estimate. Utility does not make any guarantees that customers will qualify for any of the above tax credits or rebates. Consult a tax professional to determine if you qualify.
Configured for customers in the state of Virginia.