IMPORTANT EV TAX CREDIT CHANGE

Beginning next week on August 1st, 2023 the state EV sales tax credit will only apply to $15,000 of the selling price of the vehicle.  A separate sales tax credit for used vehicles will continue to apply to $16,000 of the selling price.

Date of Purchase

Aug 1, 2022 - July 31, 2023

Aug 1, 2023 - July 31, 2025

New vehicles

$20,000

$15,000

Used vehicles

$16,000

$16,000

Date of Purchase

Aug 1, 2022 - July 31, 2023

New Vehicles: $20,000

Used Vehicles: $16,000


Date of Purchase

Aug 1, 2023 - July 31, 2025

New Vehicles: $15,000

Used Vehicles: $16,000

A new vehicle may only have a selling price of up to $45,000 to qualify for the exemption.  A used vehicle may only have a selling price of up to $30,000 to qualify.  A trade in or manufacturer rebate does not lower the selling price of a vehicle.



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