Drivers in Washington who purchase eligible electric or plug-in hybrid electric vehicles can save with the state’s tax exemption.
Petroleum accounts for a massive 90% of transportation energy consumption in the US. The transportation sector also generates the largest share of greenhouse gas emissions 29%—yikes!
In an attempt to control these numbers, many states are offering incentives when drivers make the switch to electric vehicles. These incentives help make electric vehicles accessible to more people.
How much you save with the Washington electric vehicle incentive
In Washington, many of the state incentives only apply to commercial companies. But electric vehicles and Electric Vehicle Supply Equipment (ESVE) purchased after August 1, 2019 are eligible for a
sales and use tax exemption. The amount you save will depend on the cost of your vehicle.
Electric vehicles (and all vehicles using alternative fuels) are also exempt from Washington’s emissions inspection.
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How to get the Washington electric vehicle incentive
If you’re buying a vehicle from a dealership, you don’t need to report the exemption.
If you’re buying a used vehicle, you can give the
Buyer’s Retail Sales Tax Exemption Certificateto the seller to complete.
The seller will report the exempt sale by taking a sales of zero-emissions buses, batteries, fuel cells, and infrastructure for electric vehicles deduction from retail sales tax.
The exemption applies to the sales price or fair market value when you purchase or lease a passenger car, light-duty truck, or medium-duty passenger vehicle powered by a clean alternative fuel or that can travel at least 30 miles using only battery power.
The vehicle must be $45,000 or less if new and $30,000 or less if used and must be on the state’s list of
The exemption is in effect until July 31, 2025.
How to find cheap car insurance for your electric vehicle
When your electric or plug-in hybrid electric vehicle needs some top-notch insurance,
Jerryis the best way to find it.
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Jerry will also handle all of the hassle—phone calls, paperwork, and renewals—when you’re ready to switch. Plus, the average Jerry user saves over $800 per year on their car insurance!
Haven’t shopped for insurance in the last six months? There might be hundreds $$$ in savings waiting for you.
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