Save on your electric vehicle: explore rebates, tax credits, grants and other benefits.
State Incentives
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Wisconsin offers a variety of EV incentives, primarily focused on charging infrastructure and electricity rates. Many utilities offer time-of-use (TOU) rates for EV owners, allowing for cheaper charging during off-peak hours. Additionally, some utilities offer rebates for the purchase and installation of home charging stations.
EV Time-Of-Use Rate • Madison Gas and Electric
Category: Charger RebatesMGE offers a TOU rate for customers who own an EV.
EV Charging Station Leasing Program • Madison Gas and Electric
Category: Charger RebatesMGE residential customers can pay $20 per month for the installation and maintenance of a Level 2 EV charging station. Participants must sign a ten-year service agreement.
Category: Charger RebatesColumbus Water & Light offers residential customers a rebate of up to $250 for the purchase and installation of a Level 2 EV charging station.
EV Charger Incentive and TOU Rate • Clark Electric Cooperative
Category: Charger RebatesCEC offers residential customers an incentive of $800 for the purchase and installation of an EV charger and a TOU rate. This rebate expires on December 31, 2024.
EV Charger Rebate and TOU Rate • East Central Energy
Category: Charger RebatesECE offers residential customers a rebate of up to $500 for the purchase and installation of a metered Level 2 EV charging station and a TOU rate.
EV Charger Incentive and TOU Rate • Pierce Pepin Cooperative Services
Category: Charger RebatesPPCS offers residential customers an incentive of up to $400 for the purchase and installation of an EV charger ($800 for a smart charger with integrated metering) and a TOU rate. This rebate expires on December 31, 2024.
EV Charger Incentive and TOU Rate • Riverland Energy Cooperative
Category: Charger RebatesREC offers residential customers a rebate of up to $400 for the purchase and installation of an EV charger ($800 for a smart charger with integrated metering) and a TOU rate. This rebate expires on 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.
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