In addition to cutting-edge technology and performance, state and federal tax credits are helping to make buying an electric vehicle (EV) an even smarter choice. Alongside a federal tax credit of $7,500, Colorado residents are able to claim an additional state credit of up to $6,000 when they buy an EV. Together, these incentives significantly reduce the cost of buying an electric vehicle – more than 40 percent in some cases.
For more information on how to apply for tax credits click here.
To hear from current EV owners about their experiences applying for tax credits, watch the following video.
When viewing the video, please note that there has been a change to the tax credit website. You can now find all materials by visiting driveelectricnoco.org/tax-credits.
Below are a list of Plug In Hybrid Electric Vehicle (PHEV) models and Battery Electric Vehicle (BEV) models that are currently available on the market. Click on the image below to enlarge. For more information on cost savings visit the DENC Cost Comparison Calculator.