Electric Vehicle Offers & Information
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
Federal Tax Credit for EV Charging Equipment up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.
Washington State EV Sales Tax Exemption
The Washington State Sales Tax Exemption has ended. The number of qualifying vehicles sold to Washington residents has exceeded the 7,500 allocated under the state’s plan. Visit the link below for additional details.
- Pay no sales tax on the first $32,000 of your qualified EV purchase
- Offer valid through July 1, 2019 or until 7,500 vehicles have been sold
- Consult WA DOL and DMV for additional details
- Restrictions apply, subject to change
Incentive Information
Pay no sales tax on the first $32,000 of your qualified EV purchase
The maximum credit is approximately $3,100
Restrictions apply.
The maximum credit is approximately $3,100
Restrictions apply.
Incentive Information
Clean Alternative Fuel and Plug-In Hybrid Vehicles – Sales/Use Tax ExemptionsPurchase or lease a new passenger car, light duty truck, and medium duty passenger vehicle which is powered exclusively by clean alternative fuels, or a plug-in hybrid capable of traveling at least 30 miles using only battery power, and is on the list of qualifying vehicles as determined by DOL. See DOL’s list at:
http://www.dol.wa.gov/vehicleregistration/altfuelexemptions.html
The exemptions apply up to $32,000 of a vehicle’s selling price or the total lease payments made or if the original lessee purchases the leased vehicle before the exemptions expire, the total lease payments made plus the selling price of the leased vehicle.
Exemptions expire on whichever of these comes first - total number of qualifying vehicles titled in Washington on or after July 15, 2015, reaches 7,500 vehicles or July 1, 2019