1) The Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) Program is helping residents save money on the cost of an electric vehicle lease. The rebate ranges from $1,000 to $2,500 depending on the size of the electric vehicle's battery size. Make sure to get your rebate before it runs out! Visit this website to fill out your application.
2) The Federal Tax Credit offers up to $7,500 off the price of the car. This credit varies depending on the size vehicle's battery. This incentive is credited to the owner of the car, so be aware that if you are leasing the EV, the tax credit goes to the leasing company. 3) The Federal EV Charging Infrastructure tax credit is up to 30% up to $1000 for residents and 30% up to $30,000 for businesses.
This infrastructure tax credit had expired in 2017 and then retroactively re-activated. If you installed a charger in 2017, you still might be eligible to claim this tax credit.
gET IN TOUCH WITH A BELMONT DRIVES ELECTRIC COMMUNITY LIAISON WITH ANY QUESTIONS.