How electric vehicle tax credits will work in -2-

   2022-2023 Jeep Wrangler 4xe PHEV                $7,500         $80,000 
   2022-2023 Lincoln Aviator Grand Touring PHEV    $6,534         $80,000 
   2022 Lincoln Corsair Grand Touring PHEV         $6,843         $80,000 
   2023 Lincoln Corsair Grand Touring PHEV         $6,885         $80,000 
   2023 Mercedes-Benz EQE                          $7,500         $80,000 
   2021-2023 Nissan Leaf S                         $7,500         $55,000 
   2021-2022 Nissan Leaf S Plus                    $7,500         $55,000 
   2021-2022 Nissan Leaf SL Plus                   $7,500         $55,000 
   2021-2022 Nissan Leaf SV                        $7,500         $55,000 
   2021-2023 Nissan Leaf SV Plus                   $7,500         $55,000 
   2022-2023 Rivian R1S                            $7,500         $80,000 
   2022-2023 Rivian R1T                            $7,500         $80,000 
   2022-2023 Tesla Model 3 Long Range              $7,500         $55,000 
   2022-2023 Tesla Model 3 Performance             $7,500         $55,000 
   2022-2023 Tesla Model 3 RWD                     $7,500         $55,000 
   2022-2023 Tesla Model Y AWD                     $7,500         $80,000 
   2022-2023 Tesla Model Y Long Range              $7,500         $80,000 
   2022-2023 Tesla Model Y Performance             $7,500         $80,000 
   2023 Volkswagen ID.4                            $7,500         $80,000 
   2022 Volvo S60 PHEV                             $5,419         $55,000 
   2022 Volvo S60 Extended Range PHEV              $7,500         $55,000 
   2023 Volvo S60 T8 Recharge Extended Range PHEV  $7,500         $55,000

*Check VIN to know if assembled in North America.

Also on MarketWatch: Elon Musk says Cybertruck sales will start Nov. 30

State and local incentives near you

Though the federal government’s effort makes up the lion’s share of government EV discounts, some states and local governments offer incentive programs to help new car buyers afford something more efficient. These can be tax credits, rebates, reduced vehicle taxes, single-occupant carpool-lane access stickers, and registration or inspection fee exemptions.

States like California and Connecticut offer broad support for electric vehicle buyers. However, Idaho and Kentucky are among the states offering no support to individual EV buyers.

Plus: 4 valuable tips for taking a road trip in an electric car

Your electric utility may help

Lastly, it’s not just governments that can help you with the cost of a new EV. Some local electric utilities provide incentive programs to help buyers get into electric vehicles. After all, they’re among the ones that benefit when you turn your fuel dollars into electricity dollars.

Some offer rebates on cars. Others offer discounts on chargers or install them for free when you sign up for off-peak charging programs.

Learn more: Check with your electric company for these EV incentives you may not know about

For example, Rhode Island offers up to $1,500 to residents who purchase or lease a qualified new battery electric vehicle. The state also rebates up to $1,500 more to purchasers who qualify based on income eligibility.

This story originally ran on KBB.com.

-Renee Valdes

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

11-21-23 0503ET

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