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- At least 25% of passenger motor vehicles that the state procures in designated areas must be alternative fuel or all-electric vehicles, if available Monetary incentives:
Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
Newsom, a Democrat, proposed creating a new version of the state’s Clean Vehicle Rebate Program, which was phased out in 2023 after funding 594,000 cars and saving 456 million gallons of fuel ...
The state offers residents up to $1,500 for the purchase or lease of a new battery-electric vehicle or $1,000 for a used one. It also offers up to $1,000 for the purchase of a new plug-in hybrid ...
Beginning on July 1, 2016, a sales tax exemption applies to the first US$32,000 of the selling price of a qualifying new plug-in electric car, which translates into a tax savings between US$2,600 and US$3,100 for plug-in car buyers depending on where the dealer is located within the state, as the sales tax varies by county.
In December 2020, the state government announced a requirement that all new cars sold in the state be electric by 2035. [ 3 ] As of November 2021 [update] , the state offers a $2,500 tax rebate for electric vehicle purchases.
New purchase: The full tax credit is only available for new electric car purchases, not used ones. However, some pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up ...
As of September 2023, there were 93,931 electric vehicles on the road in the U.S. state of Colorado. [1] As of September 2023, 11.05% of new vehicle registrations in the state were electric. [2] The most popular EVs in the state in 2023 were the Tesla Model Y and Model 3, with 16,537 and 14,013 registrations, respectively. [3]