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Does Minnesota offer an electric vehicle rebate?
Can I get credit on my Minnesota state taxes for buying an electric car? I’ve been thinking about going electric for my next car because of the gas prices lately, and a tax credit would seal the deal.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you can!
Minnesota
offers a rebate in the form of a $125 credit to drivers who purchase or lease a plug-in hybrid vehicle. It also offers a $250 credit to drivers who purchase or lease an all-electric vehicle.One nice detail about Minnesota’s electric vehicle rebate program is that the car you purchase can be new or used. Some states require you to purchase a new vehicle from a dealership in order to get credit for the purchase, but you can buy a secondhand vehicle and still receive the rebate in Minnesota!
You’ll also need insurance for your new vehicle. Check out the
Jerry
app, where you can see a list of car insurance
policy quotes that work for you in minutes. The average user saves over $800 per year!MORE: Minnesota electric vehicle incentives
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