Tesla Tax Credits Explained

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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?

 

 

Tesla Vehicle Incentive Reference

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
Delaware $1,000 rebate
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
Canada
Ontario $3,000 rebate* and carpool lane access
Up to $1,000 rebate on Wall Connector and installation
Québec $8,000 rebate
Between $6,000 and $8,000 when leasing
Up to $600 rebate on Wall Connector and installation

 

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