Federal Tax Credit for Vehicles: Use the federal government’s federal tax credit tool to learn about the credit amount available for various EV makes and models. The maximum credit is $7,500 for new vehicles and up to $4,000 for used vehicles.
New and Used Clean Vehicle Tax Credits, Energy Saver webpage – This Department of Energy webpage describes the new and previously owned clean vehicle tax credits. The page includes a checklist to determine if a vehicle is eligible for either credit. You may also want to contact a tax professional.
Illinois EV Rebate Program: Residents may apply for a $4,000 rebate on a new or used all-electric vehicle. Purchasers must apply for the rebate during an open rebate cycle and within 90 days of vehicle purchase.
Federal Tax Credit for EV Charging Equipment – Residents who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000. Find out more at the above website, or consult a tax professional.
ComEd business and public sector rebates and services – ComEd is offering rebates on EVs and on make-ready infrastructure for business and public sector customers, as well as fleet assessments. More details are available at ComEd.com/Clean.
Commercial Clean Vehicle Tax Credit – Businesses and tax-exempt organizations that purchase an EV may receive a tax credit of up to $7,500 for vehicles under 14,000 pounds and up to $40,000 for vehicles over that weight.
Free Park Forest vehicle sticker for Electric Vehicles.