Are there tax credits or purchase incentives for electric vehicles?
There are new tax credits allowing for up to $7,500 in tax credits. EVs with at least a 4-killowatt hour battery back will be eligible for a $2,500 tax credit with an additional $417 for each additional kilowatt hour battery pack up to $7,500. Additionally there may be further tax incentives state by state. For example Oregon is working on a tax credit worth up to $5,000 towards the purchase of an EV. This would be in combination with the federal tax credit.
