Illinois Electric Vehicle Incentives
Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
Illinois offers rebates of up to $4,000 for purchasing or leasing an EV, but the amount and availability change over time. Low-income residents are prioritized. Additionally, some utilities like Ameren Illinois offer special electricity rates for EV owners, and certain cities like Naperville provide rebates for installing home charging stations.
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Illinois EV Rebate
Category: EV Rebates Illinois residents can earn up to $4,000 for buying or leasing an EV, depending on purchase date. Rebates decrease over time. One rebate per person allowed every 10 years. Low-income applicants have priority. The next rebate application cycle is scheduled for mid-January 2025. -
EV Time-Of-Use Rate • Ameren Illinois
Category: Electricity Discounts Ameren Illinois offers a TOU rate to residential customers that own or lease a EV. -
EV Charging Station Rebate • The City of Naperville
Category: Charger Rebates The City of Naperville is offering rebates of up to $500 for the installation of Level 2 or Level 3 EV charging stations for residential use.
Last Updated:
04/03/2025
Federal Incentives
The U.S. federal government offers EV tax credits to make going electric more affordable! New EV buyers may qualify for up to a $7,500 tax credit, depending on the car’s specs and buyer’s income. For pre-owned EVs, you could receive up to $4,000. Plus, homeowners in low-income or rural areas can get up to $1,000 for installing an EV charger.
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Federal Tax Credit for New Electric Vehicles
Category: Tax Benefits All-electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The availability of the credit will depend on several factors: Vehicle's MSRP, Final assembly location, Battery component and/or critical minerals sourcing, Taxpayer’s modified adjusted gross income (AGI). -
Federal Tax Credit for Pre-Owned Electric Vehicles
Category: Tax Benefits Pre-owned all-electric vehicles purchased in 2023 or after may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. Also, you can't apply any excess credit to future tax years.
The vehicle must be purchased from a dealer, have a sale price of $25,000 or less, and must have a model year two years prior to the current calendar year. -
Federal EV Charger Tax Credit
Category: Tax Benefits Individuals in low-income communities and non-urban areas who purchase qualified residential EV charger after January 1, 2023, may receive a tax credit of up to $1,000.
In order to qualify, individuals need to be located in low-income community census tracts or non-urban census tracts as defined in IRS Notice 2024-20.
Last Updated:
04/03/2025
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