Hurry to take advantage of the most state tax credits for EVs before they are reduced! Purchase or lease a new EV with a suggested retail price (MSRP) up to $80,000 in 2024 and Colorado taxpayers are eligible for a $5,000 state tax credit. EVs under $35,000 MSRP are eligible for an additional tax credit of $2,500. Ask your dealership if they provide incentives at the point of sale to save on the spot. Get more details at Colorado's Electric Vehicle Tax Credits website. 

Income-qualified Coloradans are eligible to recycle and replace their old or high-emitting vehicles with EVs through the Vehicle Exchange Colorado Program. Learn more about and apply at the Vehicle Exchange Colorado website.

Federal EV Purchase and Home Charging Resources: Depending on the EV, Coloradans could be eligible for EV tax credits including the $7,500 federal tax credit for new all-electric vehicles or $4,000 for a used EV. To see eligible vehicles, visit FuelEconomy.gov and ask your dealership if they provide incentives at the point of sale to save on the spot.