Colorado EV Tax Credit

Did you know that you can easily claim a tax credit after buying an electric vehicle from Western Slope Ford? If you have recently purchased an EV, you could potentially acquire a Colorado EV Tax Credit. Determine if your car makes the mark by searching your VIN to see where your EV was manufactured. This credit applies to both electric vehicles and plug-in hybrid models. If you're interested in learning more information about the plentiful benefits of purchasing an EV, contact or visit Western Slope Ford, and our experts will walk you through the details!

Buying an electric or plug-in hybrid vehicle has more benefits than just being environmentally friendly. It can earn you some pretty great tax incentives as well! If you have a qualified EV registered in the state, you will have access to an available Colorado EV tax credit. If you buy a light-duty EV before January 2026, you can be made eligible for certain amounts of credit. To be eligible, your EV must be new, and if you have a leased EV, it must have a term of fewer than two years. The Colorado EV Tax Credit amounts are sorted into four categories: light-duty EVs, light-duty electric trucks, medium-duty electric trucks, and heavy-duty electric trucks. For a light-duty EV, you can earn a Colorado Tax Credit of up to $2,000 if you purchased a new EV in the years ranging from 2023-2025 and $1,500 if you leased your EV.

We're all aware that EVs and Hybrids differ slightly from standard, run-of-the-mill gas vehicles and that an electric car needs to be charged in order for it to operate at full capacity. That's why, in addition to regular Colorado EV tax credits, the Colorado Energy Office (CEO) also offers grants that take EV charging stations into account. Through the Charge Ahead Colorado program, certain grants will help support these charging stations by funding 80% of the cost. Government agencies, public transportation agencies, and other groups can qualify for this grant.

There are endless benefits and incentives when it comes to electric vehicles. Allow our team at Western Slope Ford to take you through the process of claiming the Colorado EV Tax Credit!