6 Incentives buy EV

 With increasing demand for EVs, there are long waitlists and significant markups on new models that have left many buyers in a tough spot - deciding whether to buy EV now or wait. 





With government incentives for electric vehicles this year, we are at the threshold of a clean energy economy sooner or later. Since EVs are being launched in every model from hatchbacks, to pick up vans, they are no longer perceived to be ‘elite’. However these measures are in line with the motive of reducing inflation and helping the US economy. 



Tax Credits

In the United States, the federal government offers a tax credit of up to $7,500 for the purchase of a new EV and $4,000 on use EV. For now, the credit can be claimed by anyone regardless of income. Starting January 1, 2017, the credits will be capped at $150k for single filers and $300k for joint filers.



HOV Lane Access

Another incentive that is often offered for purchasing an EV is HOV lane access. HOV lanes are highway lanes that are reserved for vehicles with multiple occupants. In many states, EVs are allowed to use HOV lanes even if they only have one occupant. This can significantly reduce travel time, as HOV lanes often have less traffic than other lanes on the highway.


Free Parking

Many cities and towns offer free or discounted parking for EVs. This incentive is typically offered in order to encourage the use of EVs, as they produce no emissions and therefore do not contribute to air pollution.


Discounted Electricity Rates

Some utilities offer discounted electricity rates for EV owners. This incentive is designed to encourage people to switch from gasoline-powered vehicles to EVs, as EVs are much more efficient and produce zero emissions.


Purchase Rebates

In some states, rebates are available for EV charger installation. A Tesla certified electrician can guide you on these rebates that can range from a few hundred dollars to several thousand dollars, depending on the state and the type of EV being purchased. Rebates are typically offered by state governments in order to encourage people to switch from gasoline-powered vehicles to EVs


Experts acknowledge a growth slowdown in sales might occur in the short-term. However, as manufacturers and suppliers begin to relocate their battery manufacturing within North America-- a lot more EVs that were previously ineligible for the credit will qualify once again. 


6 reasons why the best time to go electric is now

The benefits of having home EV charger

Which Tesla wall connector is right for you?

Maximize your Tesla charging experience with the wall connector

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