March 23, 2023

Rocky Daily News

Colorado Politics-Sports-Business-Weather

These tax credits, rebates can help Coloradans save on EVs

1 min read


State officials are putting finishing touches on an electric vehicle rebate for income-qualified buyers willing to trade in an older gas-fueled vehicle, adding up to $6,000 in price cuts on a new vehicle to a menu of credits that can already include $5,500 from utilities or up to $7,500 from federal sources. 

The program is expected to launch in mid-July, with $2 million in state money over the following 12 months. Colorado is paying for the instant rebates and other EV infrastructure, such as public chargers, with a 6.9-cent portion of the 27-cent delivery fee passed as part of a sweeping 2021 transportation policy and funding bill. 

Shoppers who are looking for used EVs and have an old car to trade in could get $4,000 from the new state rebate program, taken off the…

Michael Booth

2023-03-10 03:08:00

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