Tesla Tax Credits
The Government has been very supportive of alternative energy vehicles like the all electric Tesla S vehicles. As of now, there is a Federal Tax Credit of $7,500 Dollars for new buyers of Tesla vehicles. In Addition, the state that you live in has incentives as well to help you decide on an electric vehicle.
California states allows for a $2,500 tax rebate when purchasing or leasing an new Tesla vehicles.
Louisiana has the highest rebate which is $6,900 – $9,500 income tax credit depending on battery choice.
Colorado gives a $5,000 tax credit.
New Jersey will exempt the Sales Tax on the purchase. That can be worth be a big credit.
Oregon will be a $750 rebate for wall connectors and installation
See full post for chart of the tax incentives by state
Do these incentives in your state sway you to buy an electric vehicle?
|All states||$7,500 income tax credit|
|Arizona||Reduced Vehicle License Tax, Carpool lane access and reduced rates for electric vehicle charging|
|Colorado||$5,000 tax credit|
|Hawaii||Carpool lane access and reduced rates for electric vehicle charging|
|Louisiana||$6,900 – $9,500 income tax credit, depending on battery choice|
|Maryland||Funding exhausted for Plug-In Vehicle Excise Tax Credit
$900 rebate on wall connectors and installation
|Massachusetts||$1,000 rebate (funds limited)|
|Nevada||Carpool lane access and reduced rates for electric vehicle charging|
|New Jersey||Sales tax exempt|
|Oregon||$750 rebate on wall connectors and installation (more for commercial use)|
|Pennsylvania||$2,000 rebate (first 250 applicants only)|
|Rhode Island||$2,500 rebate|
|Utah||$1,500 income tax credit and carpool lane access|
|Washington DC||Excise tax exempt|
|Ontario||$3,000 rebate* and carpool lane access
Up to $1,000 rebate on Wall Connector and installation
Between $6,000 and $8,000 when leasing
Up to $600 rebate on Wall Connector and installation