EV Tax Credits and Other Incentives

Federal Tax Credits

Federal tax credits are not administered by Efficiency Maine. Customers should contact a tax professional for guidance on their specific tax situation.

New Electric Vehicles

Some new battery electric (BEV) and plug-in hybrid (PHEV) electric vehicles are eligible for federal tax credits of up to $7,500. Eligibility requirements and income caps apply. For more information, visit the Internal Revenue Service (IRS) New Clean Vehicle Credit webpage. For a list of vehicle models currently eligible for the federal tax credit, visit fueleconomy.gov. 

For information about federal tax credits for commercial vehicles, see the IRS Commercial Clean Vehicle Credit webpage.

Both the New Clean Vehicle Credit and Commercial Clean Vehicle Credit expire on 9/30/2025. Vehicles must be acquired by 9/30/2025 to qualify for these credits.

Used Electric Vehicles

Some used BEVs and PHEVs are eligible for federal tax credits of up to $4,000. Eligibility requirements and income caps apply. For more information, visit the IRS Used Clean Vehicle Credit webpage.

The Used Clean Vehicle Credit expires on 9/30/2025. Vehicles must be acquired by 9/30/2025 to qualify for these credits.

Electric Vehicle Charging Equipment

The Alternative Fuel Vehicle Refueling Property Credit is available for installation of eligible commercial electric vehicle charging stations. The charging station must be located within a low-income community or non-urban census tract to qualify for this tax credit. The U.S. Department of Energy has released a map showing which areas meet this requirement. For commercial properties, if the business meets prevailing wage and apprenticeship requirements, this tax credit equals 30% of the cost (up to $100,000 per unit). If the business does not meet prevailing wage and apprenticeship requirements, the credit equals 6% up to $100,000 per unit. This tax credit is available until June 30, 2026.

Car Manufacturer Instant Rebates

Car manufacturers often provide their own instant rebates in addition to state rebates and federal tax credits. Many car manufacturers offer rebates specifically for EV leases because they can claim a tax credit on the leased vehicle. These offers can change from month to month, so ask a Participating Dealer for the most current deals.