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What is the Washington electric vehicle rebate?
I want to get an electric vehicle, but I’m not sure if my state offers any incentives for doing so. It would definitely help my budget if it’s possible. Does Washington have an electric vehicle rebate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately,
Washington
doesn’t offer an electric vehicle (EV) rebate. However, the state has a sizable tax exemption, provided the vehicle has a manufacturer’s suggested retail price of $45,000 or less for a new EV or $30,000 or less for a used EV. This also applies to leasing an EV.If the electric vehicle you want meets these qualifications, Washington will give you a $1,300 tax exemption, which lowers your amount of taxable income.
If you decide to purchase or lease a new or used electric vehicle to claim the tax exemption, use the
Jerry
app to compare quotes and find the best rate for your car insurance needs.Jerry is a licensed insurance broker and super app that compares quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $800+ per year.
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- Gregory R.
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