Rebates & Incentives

Federal Tax Credit for Vehicles: Use the federal government’s federal tax credit tool to learn about the credit amount available for various EV makes and models. The maximum credit is $7,500for new vehicles and up to $4,000 for used vehicles.

New and Used Clean Vehicle Tax Credits, Energy Saver webpage–This Department of Energy webpage describes the new and previously owned clean vehicle tax credits. The page includes a checklist to determine if a vehicle is eligible for either credit. You may also want to contact a tax professional.

Illinois EV Rebate Program: A rebate application cycle is not currently open. When funding is available, residents may apply for a $4,000 rebate on a new or used all-electric vehicle. Purchasers must apply for the rebate during an open rebate cycle and within 90 days of vehicle purchase.

Federal Tax Credit for EV Charging Equipment–Residents who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.Find out more at the above website, or consulta tax professional.

For other updates on incentives, please visit the U.S. Department of Energy Alternative Fuels Data Center - Illinois Laws and Incentives.