Federal tax credit reinstated for 2018-2020 EV purchases and chargers

Chevy Bolt taking care of Christmas.

Current EVents (Jan 2020, the magazine of the Electric Auto Association) reported:

Receive a federal tax credit of 30% of the cost of purchasing and installing an EV charging station (up to $1,000 for residential installations and up to $30,000 for commercial installations) with this retroactive credit.

Previously, this federal tax credit expired on December 31, 2017, but is now retroactively extended through December 31, 2020. The full details can be viewed on the U.S. Department of Energy website: https://afdc.energy.gov/laws/10513.

2 Comments

  1. Gordon Rodda

    Many readers in the LPEA service area of Colorado (LaPlata, Archuleta counties) can also benefit significantly from LPEA subsidies for charger installations.

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