Electric Vehicle Offers & Information
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV between 2023 to 2032. Under certain conditions between a dealership and a seller, "leasing" a vehicle may allow the purchase to be treated as a "commercial vehicle," thus making it eligible for the full tax credit without satisfying some of the strict program eligibility requirements. Be sure to inquire with the dealership and a tax professional when researching purchase options.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
New York State Drive Clean Rebate for Plug-In Electric Cars
The State of New York offers rebates on new electric plug-in electric vehicles of up to $2,000 for eligible vehicles through the Charge NY Initiative and the Drive Clean Rebate Program. For more information visit the New York State Energy Research and Development Authority
- Combine with Federal Tax Credit if available
- Restrictions apply, see program website for details
Incentive Information
Rebate up to $2,000 for eligible plug-in electric vehicles
Federal Tax Credit for Electric Vehicle Charging Equipment up to $1,000
If you install qualified vehicle refueling and recharging property at your home, including electric vehicle charging equipment, you may be eligible for a credit of up to $1,000 for each item of property.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit up to $1,000 for residential charging equipment
New York State Alternative Fuels and Electric Vehicle Recharging Property Credit
For tax years beginning on or after January 1, 2013, the Tax Law allows a credit to certain taxpayers who invest in alternative fuels vehicle refueling property or electric vehicle recharging property. The credit for alternative fuels vehicle refueling property and electric vehicle recharging property is available only when the property is used in a trade or business located in New York State. This credit is not refundable, but any unused credit may be carried forward indefinitely. You must use Form IT-637 to claim this credit.
The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of property less any cost paid from the proceeds of grants that:
The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of property less any cost paid from the proceeds of grants that:
- is located in New York State;
- is used 50% or more during the tax year in a trade or business carried on in New York State;
- constitutes alternative fuels vehicle refueling property or electric vehicle refueling property; and
- has not been paid for from the proceeds of grants awarded before January 1, 2015, including grants from the New York State Energy Research and Development Authority or the New York Power Authority.
- Restrictions apply, see program website for details.
Incentive Information
The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of property less any cost paid from the proceeds of grants. Restrictions apply, see program website for details.
NYSEG Residential EV Time of Use (TOU) Rate Plan
NYSEG’s Residential Day-Night electricity service rate offers another option to NYSEG electricity customers to effectively manage their energy costs.
Price Guarantee Program* Customers that select the EV TOU rate plan shall be eligible to receive a one-time price guarantee for service for a period of one year commencing with the first full billing cycle after the customer registers the PEV with the utility. Restrictions apply.
To see how this rate plan can reduce the cost of your EV charging, check the link below.
Price Guarantee Program* Customers that select the EV TOU rate plan shall be eligible to receive a one-time price guarantee for service for a period of one year commencing with the first full billing cycle after the customer registers the PEV with the utility. Restrictions apply.
To see how this rate plan can reduce the cost of your EV charging, check the link below.
Commercial: DC Fast Charging Incentive Program
The Direct Current Fast Charging (DCFC) Incentive Program provides an annual declining per-plug incentive payable to qualifying public DCFC operators for approximately seven years (2019-2025). The purpose of the incentive payment is to support DCFC while utilization is relatively low by offsetting electric delivery cost. The incentive will be paid annually after twelve months of billing and shall not exceed the billed delivery cost for that period.
Commercial: Electric Vehicle Charger Make-Ready Program
The EV Charger Make-Ready Program offers rebates to business and municipal customers who install EV chargers. The purpose of the rebates is to offset construction costs associated with the electrical infrastructure (make-ready) required to support L2 and DCFC chargers. Qualifying participants may be eligible for up to 100% of their make-ready costs.
Commercial: Fleet Assessment Service EV Pilot Program
Considering EVs for your fleet? We can help with our Fleet Assessment Services. By providing site feasibility, rate analysis, estimated billing impacts and charging recommendations, we will assist you with making informed decisions when transitioning your commercial fleet to electric vehicles.