$3,750

The fine print: 

**New Requirements (Effective April 18)**

If you take pos­ses­sion of a new clean vehi­cle on or after April 18, 2023, it must meet crit­i­cal min­er­al and bat­tery com­po­nent require­ments to qual­i­fy for the cred­it. This applies even if you bought the vehi­cle before April 18. Find details here.

Only cars under $55,000 or SUVs, vans, and pick­up trucks under $80,000 are eli­gi­ble for the credit.

Updat­ed Feb­ru­ary 6, 2023 — IRS has updat­ed the clas­si­fi­ca­tion of these EVs and raised the MSRP cap from $55,000 to $80,000: Audi Q5 PHEV, Cadil­lac Lyric, Ford Escape Plug In Hybrid, Ford Mus­tang Mach‑E, Lin­coln Cor­sair Plug In Hybrid, Tes­la Mod­el Y (all vari­ants), Volk­swa­gen ID.4 (all variants).

Income caps for con­sumers: $150,000 for sin­gle fil­ers, $225,000 for head of house­hold and $300,000 for joint fil­ers. Lease cred­it goes to leas­ing com­pa­ny – may low­er lease cost.

New elec­tric vehi­cles pur­chased after 2010 may be eli­gi­ble for a fed­er­al income tax cred­it of up to $7,500 — assum­ing suf­fi­cient income tax appetite. The cred­it amount will vary based on the capac­i­ty of the bat­tery used to pow­er the vehi­cle. Lease cred­it goes to the leas­ing com­pa­ny, typ­i­cal­ly low­er­ing the lease cost. Writ­ten bind­ing con­tracts (non-refund­able deposit or down pay­ment of 5% of the total con­tract price) to pur­chase a qual­i­fy­ing elec­tric vehi­cle before August 16, 2022 should not be affect­ed by new tax cred­it stip­u­la­tions. More infor­ma­tion here.

Start­ing in 2024, deal­ers will be allowed to offer the EV tax cred­it as a point-of-sale dis­count. This applies to both new and used EV tax cred­its, low­er­ing the upfront vehi­cle cost instead of hav­ing to apply for the cred­it when fil­ing taxes.

Tax­pay­ers may only claim one cred­it per vehicle.

Vehi­cles NOT eli­gi­ble include GMC Hum­mer EV, Lucid Air, Tes­la Mod­el S and Mod­el X (exceeds pric­ing lim­it) and BMW i4, Hyundai Ion­iq 5, Kia EV6, Sub­aru Solter­ra, and Toy­ota bZ4X (not assem­bled in North America).

Check out this one pager from the IRS regard­ing EV tax cred­its. For tax cred­it infor­ma­tion on com­mer­cial vehi­cles, click here.

or %30 OFF

The fine print:

• Only eli­gi­ble for vehi­cles under $25,000, at least 2 years old, pur­chased from a dealer.
• Income caps for con­sumers: $75,000 for sin­gle fil­ers, $112,500 for head of house­hold and $150,000 for joint filers.
• For oth­er fre­quent­ly asked ques­tions about the EV tax cred­its from the Infla­tion Reduc­tion Act, please click here.

or 30% OFF

The fine print:

Individuals/Residents can get a tax cred­it of 30% (up to $1,000 per unit) of the cost of the EV charg­ing equipment

• Bidi­rec­tion­al charg­ing equip­ment is eligible
• 2 and 3 wheeled equip­ment is eli­gi­ble (like e‑bikes!)
• Equip­ment must be placed in a low-income com­mu­ni­ty or non-urban area
• More infor­ma­tion here

or 6% OFF

The fine print:

Those buy­ing for com­mer­cial uses can get a tax cred­it of 6% (up to $100,000 per unit) of the cost of the EV charg­ing equipment

• Bidi­rec­tion­al charg­ing equip­ment is eligible
• 2 and 3 wheeled equip­ment is eli­gi­ble (like e‑bikes!)
• Equip­ment must be placed in a low-income com­mu­ni­ty or non-urban area
• More infor­ma­tion here

$4,000

for used EVs

The fine print:

Participant Eligibility:

• Col­orado resident
• 18 years or older
• Eli­gi­ble to pur­chase or lease a vehi­cle in Colorado
• Own an eli­gi­ble old or high-emit­ting vehicle

Meet at least one of the fol­low­ing income requirements:

1. House­hold income below 80% of the area medi­an income in the coun­ty where the res­i­dent lives. View income lim­its here. 
2. OR Enroll­ment in any one of the fol­low­ing finan­cial assis­tance programs:

• Col­orado Afford­able Res­i­den­tial Ener­gy (CARE) Program
• Colorado’s Weath­er Assis­tance Pro­gram (WAP)
• Med­ic­aid
• Region­al Trans­porta­tion Dis­trict (RTD) LiVE
• Sec­tion 8 vouch­er holder
• Spe­cial Sup­ple­men­tal Nutri­tion Pro­gram for Women, Infants, and Chil­dren (WIC)
• State of Col­orado Low-Income-Ener­gy Assis­tance Pro­gram (LEAP)
• Sup­ple­men­tal Nutri­tion Assis­tance Pro­gram (SNAP)

Only one VXC rebate is allowed per tax household.

Exchange Vehicle Eligibility:

• The vehi­cle title must be issued to sole­ly the par­tic­i­pant AND must not have a lien (there must not be an out­stand­ing loan for the vehicle)
• The vehi­cle must be cur­rent­ly reg­is­tered under the participant’s name with the Col­orado Depart­ment of Motor Vehicles
• Vehi­cle must be operational
• Vehi­cle must be gaso­line or diesel-powered

Vehi­cle must meet one or more of the fol­low­ing criteria:

1. Vehi­cle mod­el year at least 12 years old (mod­el year 2011 or old­er for a 2023 appli­ca­tion) OR
2. Vehi­cle fails an emis­sions test in Colorado

Motor­cy­cles, recre­ation­al vehi­cles (RVs), campers, and boats are not eli­gi­ble for VXC.

Eligible EVs:

Par­tic­i­pants may redeem a point of sale rebate for the fol­low­ing types of vehicles:

• Bat­tery elec­tric (BEV), or ful­ly elec­tric vehi­cles, which are pow­ered com­plete­ly by a battery
• Plug-in Hybrid Elec­tric Vehi­cles (PHEVs), which are pow­ered by a bat­tery, with an aver­age range of 20–50 miles, and a tra­di­tion­al gas tank and engine.

VXC par­tic­i­pants can receive a rebate for a new or used BEV or PHEV with a manufacturer’s sug­gest­ed retail price (MSRP) or pur­chase price of $50,000 or less

VXC par­tic­i­pants can only pur­chase or lease a new or used BEV or PHEV from a VXC-autho­rized auto­mo­bile dealer.

$450 for a new e‑bike

Col­oradans will get a $450 dis­count off of a qual­i­fy­ing e‑bike pur­chase (at the point-of-sale) from a par­tic­i­pat­ing retail­er across the state. 

The fine print:

Participant Eligibility:

• Must be a Res­i­dent of the State of Colorado
• Must be at least 18 years of age or older
• Must be able to pro­vide proof of Col­orado address
• Must be able to pro­vide proof of income

E‑Bike Eligibility:

• Can be any class 1, 2, or 3 E‑Bike in accor­dance with the State of Colorado's E‑Bike definition
• Must have an elec­tric motor not exceed­ing 750 watts
• No min­i­mum or max­i­mum pur­chase price 
• May be an adap­tive e‑bike 
• NEW e‑bikes only 
• Must be pur­chased from list of par­tic­i­pat­ing retail­ers here  

For more infor­ma­tion vis­it: The Col­orado Ener­gy Office

$1,200

E‑bike rebate for income-qualified

Update from the Col­orado Ener­gy Office as of 12/28/23: E‑bike rebate appli­ca­tions will be tem­porar­i­ly put on hold until Feb­ru­ary 2024.

The fine print:

The appli­cant must be a res­i­dent of Den­ver, Col­orado and 16 years of age or old­er. Proof of a phys­i­cal Den­ver address is required

Stan­dard Rebate: Den­ver res­i­dents can save up to $300 on the sale of an e‑bike or up to $500 on the sale of an e‑cargo bike

Income-Qual­i­fied Rebate: Income-qual­i­fied res­i­dents can save up to $1,200 on the sale of an e‑bike or up to $1,400 on the sale of an e‑cargo bike

Adap­tive Rebate: Per­sons with dis­abil­i­ties may be eli­gi­ble to save up to $1,400 on the sale of an adap­tive e‑bike. There are a lim­it­ed num­ber of adap­tive rebates and a sep­a­rate appli­ca­tion process — email

Incen­tive can­not exceed the total pur­chase price

• One e‑bike per person
• Full-sus­pen­sion moun­tain bikes are exclud­ed from the program
• No min­i­mum or max­i­mum pur­chase price
• Must be pur­chased from a par­tic­i­pat­ing bike shop, which can be found here
• More details here

The ten­ta­tive rebate release dates for 2023 are:

• Tues­day, Jan­u­ary 31
• Tues­day, March 28
• Tues­day, May 30
• Tues­day, July 25
• Tues­day, Sep­tem­ber 26
• Tues­day, Novem­ber 28

Den­ver res­i­dents can now receive up to $1,700 in rebates for pur­chas­ing an elec­tric bike. Terms and con­di­tions apply. Rebates are com­pet­i­tive and inter­est­ed indi­vid­u­als should sub­scribe to Den­ver Gov's newslet­ter to be noti­fied of appli­ca­tion release days. About half of all rebates are pri­or­i­tized for income-qual­i­fied applicants.

or 80% OFF

The fine print:

• Can be stacked with Xcel Energy's EV Charg­ing rebate
• EV Charg­ing Home Wiring Rebate pro­vides up to $500 to assist with installing either an Ener­gy Star Cer­ti­fied Lev­el 2 EV Charg­er, a home Tes­la charg­er, or a Ford Charge Sta­tion Pro
• Work with a reg­is­tered con­trac­tor to install this equipment
• Bidi­rec­tion­al charg­ing instal­la­tions may receive up to $2,000 
• More info here