EV Announcements
New Purchaser Agreement and Tax Credit Rules
On Monday, Efficiency Maine made several changes to the electric vehicle rebate program, most notably increasing the any-income rebate amount to $1,000 for plug-in hybrids and $2,000 for battery electric vehicles. To reflect the new rebate amounts, we released an updated Efficiency Maine...
READ MORENew EV Rebate Amounts and MSRP Limits
On 1/1/2024, Efficiency Maine’s electric vehicle rebate program made three changes: 1. Increase the any-income EV rebate amounts for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) FROM: $1,000 (new BEV, Any-Income) $500 (new PHEV, Any-Income) TO: $2,000 (new...
READ MOREFederal Tax Credit Update to Dealer Agreement
As previously announced, Efficiency Maine is integrating the clean vehicle federal tax credits into our Electric Vehicle Rebate Program. In October, the Purchaser Agreement and Dealer Reimbursement Form were updated to reflect the IRS tax credit reporting requirements. Today, we have updated...
READ MOREFederal Tax Credit Requirements for Dealers
The Inflation Reduction Act of 2022 established new federal clean vehicle credits that went into effect on January 1, 2023. Individuals and businesses can qualify for these tax credits by purchasing qualified new or used plug-in hybrid and battery electric vehicles, including several vehicle...
READ MOREEV Rebates Extended Through December 2024
Good news – the Efficiency Maine Electric Vehicle Rebate program has been extended to December 31, 2024. Efficiency Maine will continue to issue rebates until that date or until program funds are exhausted, whichever comes first. Any further changes to program termination will be announced...
READ MORE