Tax Credit

Washington offers several tax incentives for electric vehicles (EVs) to encourage their adoption as clean and energy-efficient transportation options. Here’s a quick snapshot of the major tax benefits for EVs in the state: At A Glance: 1️⃣ Federal Tax Credit 2️⃣ Property Sales Tax Exemption 3️⃣ Tax Credit for Electric Vehicle Conversion 4️⃣ Tax Credit…

Utah has several state incentives for electric vehicles. The state is rather generous compared with others and comes close to California with its incentives. Here are a few key takeaways: 1️⃣ Utah offers 9 incentives for alternative fuel vehicles, around 5 of which apply to electric cars. 2️⃣ Utah residents also qualify for utility rebates…

Texas has the third largest number (5.56%) of electric vehicles registered in America. As of December 31, 2021, there were 80,900 EVs in Texas. At that time, there were 8,088,058 registered automobiles in Texas, meaning 1% were EVs. At A Glance: 1️⃣ The federal government provides a generous electric vehicle rebate and a rebate of…

Ohio is not a leader in the adoption of EVs. By July 2022, only 21,200 electric vehicles were registered in the state. This represents a conversion to electric vehicles of only 0.212% of the 10 million vehicles registered. At A Glance: 1️⃣ Ohio has only 217 publicly available direct current fast chargers. In addition, only…

North Carolina is making impressive strides to incorporate EVs throughout the state. Electric vehicles present many promising economic opportunities for North Carolina, and many public transport modes and school buses are being replaced by electric versions of these vehicles. At A Glance: 1️⃣ The governor of North Carolina aims to have 1.25 million plug-in hybrid…

By March 2022, 62,000 electric vehicles had been registered in New York. There are 2 million registered automobiles in New York, so 3.1% of all registered vehicles are EVs. This is three times higher than the national average. At A Glance: 1️⃣ When the New York rebate for new vehicles is added to the Federal…

Of the 757,354 registered automobiles on Nevada roads, 17,380 (2.3%) are powered by electricity. While the absolute numbers may be smaller than larger states such as Florida and California, the percentage take-up is among the highest in America. At A Glance: 1️⃣ The year-on-year growth in EV take-up currently stands at +57.43%. 2️⃣ When the…

Michigan does not actively support purchasing electric vehicles or even homeowners converting to solar power in their homes. At A Glance: 1️⃣ The Federal government provides a $7,500 tax credit for qualifying purchasers of new electric vehicles.  2️⃣ Similarly, it provides generous tax credits to homeowners converting to solar. 3️⃣ Michigan provides electric vehicle charging…

There are only 10,360 EVs registered in Indiana. As there are 2,327,229 registered (private and commercial) vehicles in the state, the conversion to full electric and plug-in hybrid electric vehicles (PHEV) is 0.4% which is under half the national average. At A Glance: 1️⃣ The absence of any meaningful state incentive scheme may be one…

While the overall take-up of electric vehicles in Illinois has been relatively slow, with only 36,520 registered to date, it is still the country’s 8th most active EV state. At A Glance: 1️⃣ The state has prioritized having 1 million all-electric vehicles registered in Illinois by 2030, requiring a massive conversion from gas to EV….