The federal government isn’t the only one handing out money to would-be EV owners. Many states have additional tax credits worth thousands of dollars that you can stack on top of the federal discount.
The federal rebate for electric vehicles — worth up to $7,500 — could be enough to sway many drivers to make their next car an EV.
Taken together with a state incentive, you could save upward of $15,000 on the purchase of an EV, depending on where you live. However, it isn’t always easy to figure out what you qualify for. “These incentives are not just a Google search away,” said Peter Glenn, founder and co-CEO of EV Life, an EV finance platform.
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