Indiana Electric Vehicle Incentives
Drivers of electric cars can save up to $7,500 with the Indiana electric vehicle incentives.
Written by Nick Kunze
Reviewed by Carrie Adkins
Indiana
drivers who purchase new electric vehicles or plug-in hybrid electric vehicles could receive up to $7,500 in tax rebates!In the U.S., 90% of transportation energy comes from petroleum. Due to this, transportation is the leading source of greenhouse gas emissions.
In an effort to encourage drivers to purchase electric vehicles, many states offer incentives for owning an electric vehicle. These incentives are usually in the form of tax rebates and help make electric vehicles more accessible to the general public.
How much you save with the Indiana electric vehicle incentive
In Indiana, the electric vehicle incentive can save you $7,500 on the purchase of an electric or plug-in hybrid electric vehicle.
The incentive starts at $2,500 and increases by $416 for every extra kWh (kilowatt-hour) your vehicle’s battery has.
You can also receive savings of up to $1,650 for installing an electric vehicle charger at your personal residence.
How to get Indiana electric vehicle incentive
Indiana residents hoping to claim the incentive need to complete tax
form 8834
, titled “Qualified Plug-in Electric and Electric Vehicle Credit.” They also need to report that they claimed this credit on their 1040 tax form.To be eligible for the incentive, the vehicle must be purchased new and the incentive is only available to Indiana residents.
“Jerrysaved me $80 a month! I have a Tesla Model Y and really wanted to lower my rates. And they did! I really recommend you give this a shot!” —Nick M.
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