EV Tax Credits and Rebates

There has never been a better time to switch to electric vehicles (EVs) in Colorado. The state's commitment to clean energy and sustainability, combined with favorable incentives and a rapidly expanding charging infrastructure, make it an ideal environment for EV adoption. Colorado is known for its stunning natural landscapes, and by transitioning to EVs, residents can contribute to preserving the state's pristine air quality and reducing greenhouse gas emissions. Moreover, Colorado offers generous incentives for EV buyers, such as state tax credits and rebates, making the switch more affordable than ever. Additionally, the state has made significant investments in building an extensive network of charging stations, ensuring that EV owners have convenient access to charging infrastructure throughout their journeys. With a multitude of EV models now available, offering impressive ranges and improved performance, embracing electric vehicles in Colorado not only benefits the environment but also provides a delightful driving experience on the state's scenic roads.

 Used Clean Vehicle Credit

Federal Incentive

Up to $4,000

- Income Requirement -

- Used Car Eligible -

Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCEV) 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. Conditions apply.

Plug-In Electric Vehicle Tax Credit

- Colorado Incentive

$1,500 - $2,000

Qualified all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) titled and registered in Colorado are eligible for a tax credit.

Used EV Rebate

Xcel Energy of Colorado Incentive

$3,000

- Income Requirement -

- Used Car Eligible -

Income-qualified Xcel Energy customers may be eligible to receive a rebate on the purchase or lease of a qualifying used electric vehicle (all electric or plug-in hybrid). Conditions apply.

Alternative Fuel Infrastructure Tax Credit

Federal Incentive

Up to $1,000

Customers who purchase qualified residential fueling equipment after January 1, 2023, may receive a tax credit of up to $1,000.

EV Charger and Wiring Rebate

- Xcel Energy of Colorado Incentive

Up to $1,300

Xcel Energy customers may be eligible to receive a rebate on an EV charger and home wiring costs related to installing a Level 2 charger at their residence. Conditions apply.