Save on your electric vehicle: explore rebates, tax credits, grants and other benefits
State Incentives
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Tax Benefits Other Electricity Discounts Charger Rebates HOV Lane Access EV Rebates Clear
Michigan offers a diverse range of EV incentives! You can find rebates for both new and used EVs, as well as for installing home charging stations. Many utilities also offer time-of-use rates for charging overnight, which can save you money.
EV TOU Rate • Cherryland Electric Cooperative
Category: Electricity DiscountsCherryland Electric offers a TOU rate to residential customers who own or lease an EV.
Residential EV Charging Station Rebate • Consumers Energy
Category: Charger RebatesResidential customers of Consumers Energy can receive a $500 rebate when they install a Level 2 electric vehicle charging station at their home.
Category: Electricity DiscountsConsumers Energy offers residential customers a $10 monthly incentive for charging EVs overnight with a Level 2 EV charging station.
EV and EV Charging Station Rebates • Energy Innovations Collaborative
Category: EV RebatesMichigan residents served by one of the seven municipal utilities participating in the Energy Innovations Collaborative can take advantage of rebates for electric vehicles and home charging equipment. The program offers a $1,000 rebate for new EV purchases and rebates of up to $500 for Level 2 chargers.
EV Charging Station Rebate and TOU Rate • Indiana Michigan Power
Category: Charger RebatesIndiana Michigan Power provides a $500 rebate to residential customers who purchase and install an EV charging station and enroll in a Time-of-Use (TOU) rate plan.
EV and EV Charging Station Rebates • HomeWorks Tri-County Electric Cooperative
Category: EV RebatesHomeWorks Tri-County Electric Cooperative offers rebates to residential customers who go electric: $1,500 for the purchase of a new electric vehicle, $750 for a pre-owned EV, and $600 for an ENERGY STAR-certified Level 2 EV charging station.
Residential EV Charging Station Rebates • Lansing Board of Water & Light
Category: Charger RebatesBWL offers residential customers a rebate of up to $1,000 for installing a Level 2 EV charging station with a dedicated secondary meter. Installations without a secondary meter are eligible for a $500 rebate.
EV and EV Charging Station Rebates • Presque Isle Electric & Gas Co-Op
Category: EV RebatesPIEG provides residential customers a $600 rebate for purchasing an ENERGY STAR-certified Level 2 EV charging station, $1,500 for a new EV purchase, and $750 for a pre-owned EV purchase.
EV and EV Charging Station Rebates • Cherryland Electric Cooperative
Category: EV RebatesCherryland Electric offers rebates for EV purchases and charging stations. Residential customers can get $500 for new or used EVs and $800 for Level 2 chargers.
Residential EV Charging Station Rebate • Holland Board of Public Works
Category: Charger RebatesHBPW offers residential customers a $300 rebate when they buy a Level 2 EV charging station that is not ENERGY STAR certified, and a $325 rebate for an ENERGY STAR certified Level 2 charger, provided they enroll in a Time-of-Use (TOU) rate.
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.
Federal Tax Credit for New Electric Vehicles
Category: Tax BenefitsAll-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 BenefitsPre-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.
Category: Tax BenefitsIndividuals 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.
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