How to apply a state tax rebate on electric cars?

I want to make use of government incentives to knock down the price of an EV before I buy one. How exactly do I apply a state tax rebate on an electric car?

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Answer provided by
Chanice Boyd
Answered on May 25, 2022
Incentives like tax rebates are a great way to reduce the cost of your EV. However, you can only apply a state tax rebate on an electric car when filing your yearly tax return.
If you live in a state that is offering a tax rebate, you’ll need to consider a few things before applying.
  • Are you eligible?
  • How much rebate is available for your make and model?
Unfortunately, the rebate does not happen at the time of purchase. When it comes time to file your tax return, the IRS has included a section that addresses the purchase of electric cars. With the help of an accountant or tax expert, you can apply your rebate.
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