#1 – Get Money for a Purchase/Lease

That’s right. Buy or lease the car you love and get money back. There are federal, state and local incentives to bring down the cost of buying or leasing an electric car. Here are a few highlights–find them all in the incentives search.

Federal Tax Credit

A substantial tax credit for battery-electric, hydrogen fuel cell and plug-in hybrid electric vehicles, ranging from $2,500-$7,500, may be available depending on the battery capacity. If you lease, the credit goes to the manufacturer. However, dealerships often factor it into the lease, lowering the down payment or monthly payments.

Clean Vehicle Rebate Project (CVRP)

Provides rebate savings directly to purchasers and lessees of eligible electric vehicles. Applicants with low-to-moderate household incomes are eligible for increased rebate amounts.

Local Rebates and Incentives

Local air districts and electric utilities often provide rebates for purchase/ lease of electric cars, and incentives for installing home charging stations. Search by zip code in the incentives search.