EV Incentives & Ways to Save
There are lots of ways to save on the purchase or lease of your next EV. From your utility to tax rebate programs, click our menu items or scroll through to learn just how much you can save!
EV Purchasing Tax Rebates
All-electric and plug-in hybrid cars purchased in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle. This tax credit an be combined with the New York State Drive Clean Rebate.
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The New York State Drive Clean Rebate is open to all car buyers in New York State. It is a point-of-sale rebate towards the purchase or lease of a new electric car. Rebate amounts of up to $2,000 are awarded based on the all-electric range of a vehicle. Can be combined with the Federal EV/PHEV Tax Credit.
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Utility EV Programs
If you own or lease an electric vehicle and charge it within the Con Edison service territory, you are eligible for a $150 reward for signing up to SmartCharge New York and installing a FREE connected car device in your vehicle’s onboard diagnostics port or connector. This device unlocks valuable charging and driving data, all available to you on an online dashboard! SmartCharge New York pays drivers cash rewards to charge their EVs at off-peak times of day when demand for electricity is at its lowest. Charging off-peak helps reduce stress on the energy grid, making service more reliable for everyone. With SmartCharge New York, EV drivers can earn up to $1,000 annually! Click here to learn more and see how much you can earn.
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Con Edison offers residential customers who drive plug-in electric vehicles (EVs) two time of use (TOU) rate options that reduce the price of electricity delivery during off-peak hours: a whole-house TOU rate with a one-year price guarantee and an EV-only TOU rate. EV owners on these TOU rates also receive a lower monthly customer charge if they annually provide Con Edison a copy of their EV registration. Learn more by visiting Con Edison’s electric vehicle website.
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PSEG offers Long Island residential customers a $500 rebate to install a qualified Level 2 EV charging device. Learn more here.
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Electric Vehicle Perks
The Green Pass Discount Plan offers a special 10% discount to hybrid vehicles getting at least 45 miles to the gallon and meeting certain emissions standards. Proof of vehicle registration is required to receive the special 10% discount off of the E-ZPass rate.
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The Clean Pass Program allows eligible plug-in EVs to use the Long Island Expressway HOV lanes, regardless of how many people are in the vehicle. Vehicles must display a Clean Pass vehicle sticker that is available from the New York State DMV.
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In New York State, battery electric vehicles are exempt from state motor vehicle emissions inspections.
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Discounts on Charging Infrastructure
Charge Ready NY offers public and private organizations that install Level 2 EV charging stations at public parking facilities, workplaces, and multifamily apartment buildings rebates of $4,000 per charging port. Visit the website for a list of available EVSE.
The Alternative Fuel Vehicle Refueling Property Credit from the IRS gives eligible US businesses and residents 30% off their entire EV charging hardware purchase (up to $30,000). Credit extends back to purchases made in 2018-2019.
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You or your business is entitled to a property credit for investments in new electric vehicle recharging property. The credit for each installation is equal to the lesser of $5,000 or 50% of the cost of property.
Governor Cuomo announced the availability of $11 million in VW Settlement funds to build out New York State's network of DCFC. Administered by NYSERDA, the program will provide up to 80% of the cost to build publicly available DCFC.
Applications are being accepted through February 18, 2021 (PON 4509). The first round focuses on the following regions: Central New York, North Country, Finger Lakes, and Western New York. Read the full press release here for more details on the program and how to apply. |