Incentives & Rebates
There are numerous incentives and rebates currently being offered for EV vehicles, as well as commercial and residential charging stations.
Federal Tax Credit
Purchasers of an all-electric or plug-in hybrid vehicle may be eligible to receive a federal tax credit of up to $7,500.
New updates to the Clean Vehicle Tax Credit will remove the automaker sales cap that disqualified Tesla and General Motors vehicles, require final vehicle assembly in North America, limit recipients by income, and introduce a new tax credit for used vehicles.
The actual amount you’ll receive depends on the specific vehicle, make, battery size, and automaker sales numbers. See the exact amount credited for specific models.
Additional credits, rebates, and incentives
may be available, depending on where you live.
National Electric Vehicle Infrastructure (NEVI)
The Infrastructure Investment and Jobs Act, enacted by Congress in November 2021, provides transportation electrification funding for states to distribute through the National Electric Vehicle Infrastructure (NEVI) program. The NEVI program is focused on improving major transportation corridors through the U.S., with states required to develop Alternative Fuel Corridors on interstate highways. States were required to file deployment plans with the Federal Highway Administration (FHWA) by August 1, 2022, and the FHWA approved each state’s plan in September 2022.
Joint Office BIL
The BIL established the “Joint Office” between the US Department of Transportation (USDOT) and the US Department of Energy (USDOE) to help provide technical guidance and assistance to state and local governments who will implement EV charging programs.
NovaCHARGE’s EV chargers comply with the technical requirements of the USDOT and USDOE.
The U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) NEVI Formula Program will provide funding to states to strategically deploy electric vehicle (EV)
charging stations and to establish an interconnected network to facilitate data collection, access, and reliability.
All 50 states are now approved for the NEVI Program. To learn more about each state’s plans, go here.
Funding is available for up to 80% of eligible project costs, including:
The acquisition, installation, and network connection of EV charging stations to facilitate data collection, access, and reliability;
30C/8911 Alternative Fuel Infrastructure Tax Credit for businesses
The 30C U.S. federal tax credit for electric vehicle (EV) charging stations has been extended.
Beginning January 1, 2023, qualifying businesses can receive 6% up to $100,000 per station, or a 30% credit for meeting additional wage and apprenticeship requirements. Guidelines for these prevailing wage and apprenticeship requirements were released by the US Department of Treasury in November and will go into effect on January 29.
Download 8911 Form