New 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 BEV, Any-Income)
• $1,000 (new PHEV, Any-Income)

2. Increase battery electric chassis cab/cutaway rebate from $5,000 to $8,000

3. Increase the manufacturer suggested retail price (MSRP) cap for trucks and vans

FROM:

• $73,000, in the case of an eligible pickup truck or commercial van with an EPA-rated range of 300 miles or more;
• $65,000, in the case of an eligible pickup truck or commercial van with an EPA-rated range of less than 300 miles; or
• $50,000, for all other eligible vehicles

TO:

• $80,000 in the case of an eligible pickup truck or commercial van
• $50,000 for all other eligible vehicles

Starting on 1/1/2024, dealers are required to use an updated Efficiency Maine Purchaser Agreement.

Click here to request updated and printed Efficiency Maine EV Rebate Brochures and have them mailed to you at no cost.