Electric Vehicle Offers & Information
Federal Tax Credit for New & Used Electric Vehicles
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles (section 30D). Overall, the reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Federal Tax Credit for EV Charging Equipment up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Oregon Clean Vehicle Rebate Program
The Oregon Clean Vehicle Rebate Program (OCVRP) offers rebates for Oregon drivers who purchase or lease electric vehicles. It is not a tax credit. DEQ designed the Program to reduce vehicle emissions by encouraging the purchase or lease electric vehicles instead of gas vehicles. Eligibility requirements differ depending on which rebate you apply for.
- Vehicles must meet program eligibility requirements
- Residential and Commercial options available
- Additional restrictions apply, see program website for details
Incentive Information
New electric vehicles with a base MSRP under $50,000
• $2,500 off a new eligible vehicle with a battery capacity of 10 kWh or more
• $1,500 off a new eligible vehicle with a battery capacity of less than 10 kWh
• $750 off an eligible new zero-emission motorcycle
Charge Ahead Rebate (Household income requirements apply, see program website)
New or used electric vehicles with an original base MSRP under $50,000
• $2,500 for Charge Ahead applicants with Date of Purchase/Lease before Jan 1, 2022.
• $5,000 for Charge Ahead applicants with Date of Purchase/Lease on/after Jan 1, 2022.
Standard and Charge Ahead Rebates can be combined for up to $7,500 toward the purchase or lease of a new eligible vehicle.
Consider Installing a Level 2 (240V) Electric Vehicle Charger
Level 2 electric vehicle supply equipment (EVSE) provides charging through a 240 V AC plug. Level 2 adds about 10 to 60 miles of range to a vehicle per hour of charging time, making it far more convenient than standard 120 V AC charging, which adds about 2 to 5 miles per hour of charging. Additionally, level 2 charging is a more energy-efficient method of charging, as most EV have on-board components that require additional electricity the entire time the EV is plugged in.
- Level 2 chargers are four to six times faster than using a standard home outlet.
- More efficient charging than standard outlet (120V) charging.
- Many units come with additional controls, such as timers and wifi connectivity.
- Click the link below to see a list of available chargers to learn more.
Idaho Power 2022 Commercial EV Charging Incentive
Competitive award: Applications accepted through February 15, 2022
Eligible Idaho Power business customer may apply for funding to install Level 1 or Level 2 Electric Vehicle Supply Equipment (EVSE) for passenger vehicles to support fleets, employees or customers. Incentives of up to 50% of the project costs, up to $7,500 per site. Funding is limited. Applications are not a guarantee of funding. See full Terms and Conditions for details. EVs and Your Business - Idaho Power
- Restrictions apply, see application for details
Idaho State Funding Available to Go Electric
The Idaho Department of Environmental Quality (IDEQ) is accepting applications for the Volkswagen Diesel Settlement Funded programs.
The 2020 Vehicle Replacement Program will replace older, higher emissions diesel vehicles or engines with cleaner electric, alternative fuel, or diesel vehicles or engines. This competitive application program will provide reimbursement for a percentage of the cost of eligible vehicle replacements. Vehicle types include buses, freight trucks and other heavy-duty vehicles, as well as forklifts and airport supply equipment.
The Electric Vehicle Supply Equipment (EVSE) program will provide cost-shared funds with some strategic locations within Idaho for DC fast charger equipment. These locations will create a network of highways in Idaho that offer electric vehicle charging services to the public.