EV Tax Credits and Other Incentives

In addition to Efficiency Maine incentives, you may be eligible for tax credits and other financial incentives for electric vehicles and charging equipment.

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.

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.

Electric Vehicle Charging Equipment

The Alternative Fuel Vehicle Refueling Property Credit is available for installation of eligible residential and commercial electric vehicle charging stations. For residential use, this tax credit covers 30% (up to $1,000 per unit) of the cost of charging equipment and installation. For commercial properties, this tax credit covers 6% or 30% of the cost (up to $100,000 per unit). This tax credit is available until December 31, 2032.

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.