Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
Share:
Tax Benefits Other Electricity Discounts Charger Rebates HOV Lane Access EV Rebates Clear
Ohio offers various EV incentives, primarily focused on charging infrastructure. Many electric cooperatives provide rebates of up to $1,000 for installing Level 2 home chargers. Additionally, several utility companies offer time-of-use (TOU) electricity rates to EV owners, allowing them to save money by charging during off-peak hours.
EV Charging Station Rebate • Firelands Electric Cooperative
Category: Charger RebatesFEC offers rebate of $250 to its residential customers who install a Level 2 EV charging station.
EV Charger Rebate and TOU Rate • Hancock-Wood Electric Cooperative
Category: Charger RebatesHWEC offers residential customers a $250 rebate for the installation of a Level 2 EV charging station and a TOU Rate. The EV charger must be installed before December 31, 2024.
EV Charger Rebate and TOU Rate • North Central Electric Cooperative
Category: Charger RebatesNCEC offers residential customers a $250 rebate for the purchase and installation of a Level 2 EV charging station and a TOU Rate.
EV Charger Rebate and TOU Rate • Lorain-Medina Rural Electric Cooperative
Category: Charger RebatesLMREC offers residential customers a $250 rebate for the purchase and installation of a Level 2 EV charging station and a TOU Rate.
Category: Charger RebatesMidwest Electric offers residential customers a $200 rebate for the purchase and installation of a UL-listed Level 2 EV charging station.
EV Charger Rebate • Darke Rural Electric Cooperative
Category: Charger RebatesDREC offers residential customers a $250 rebate for the purchase and installation of a UL-listed or ETL-listed Level 2 EV charging station.
EV Charger Incentive • Pioneer Electric Cooperative
Category: Charger RebatesPEC offers residential customers a $250 incentive for the installation of a UL-listed or ETL-listed Level 2 EV charging station. EV charger must be installed before December 31, 2024.
EV Charging Station Credit • Consolidated Cooperative
Category: Charger RebatesConsolidated Cooperative offers a $250 bill credit to residential customers who install a UL-listed or ETL-listed Level 2 EV charging station.
Category: Charger RebatesCEC offers residential customers a $250 rebate for the purchase and installation of a UL-listed or ETL-listed Level 2 EV charging station.
Category: Charger RebatesThe Energy Cooperative offers residential customers a $250 rebate for the purchase and installation of a Level 2 EV charging station.
EV Charger Rebate • Butler Rural Electric Cooperative
Category: Charger RebatesBREC offers residential customers a rebate of up to $1,000 for the purchase and installation of a Level 2 EV charging station. The EV charger must be installed before December 31, 2024.
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.
Discussion