You may already be aware of the federal tax credits for electric vehicles (if not check out Electric Vehicle Federal Tax Credit: Explained) but there are also EV incentives available in individual states, including some great incentives for Virginia residents.
If you’re a resident of the Old Dominion State you may qualify for tax credits, incentives or savings for owning an electric vehicle and may also qualify for additional incentives such as credits on solar panel installation, discounts on home charging through your energy provider, carpool lane exemptions and more.
Check out the incentives we’ve found for the state of Virginia in 2023. Please keep in mind that these may change at any time and certain conditions may apply to qualify.
Federal Tax Credits up to $7,500
NOTE: The Clean Vehicle Credit added a new requirement for final assembly in North America that took effect on August 17, 2022, with additional requirements beginning January 1, 2023.
Used EV Rebates up to $4,000
The Clean Vehicle Credit provides a tax credit for the purchase of a pre-owned EV or FCEV.
HOV Lane Exemptions
In Virginia, electric vehicles may use the carpool lane regardless of the number of passengers on various highways and toll roads. Refer to the Virginia Code Website for more information.
Home Charger Incentives
If you are a Virginia resident who is also customer of Dominion Energy, Danville Utilities, or Appalachian Power Company, you may be eligible for some extra cash back towards the purchase of an EV charger.
Dominion Energy offers residents up to $125 rebate for the purchase of a new Level 2 EV charging station. Check out Dominion Energy’s EV Charger website for more details.
Danville Utilities offers residents up to $200 rebate for the purchase and installation of a new Level 2 EV charging station. Check out Danville Utilities EV Chargers website for more details on their EV rebates.
Appalachian Power Company offers residential customers a $100 rebate for the purchase of an ENERGY STAR certified Level 2 EV charging station. Check out Appalachian Power Company EV Chargers website for more details on their EV rebates.
Virginia EV State Rebate Program
The state of Virginia has a special program authorized by the Virginia Department of Mines, Minerals, and Energy, and it can save you some serious cash!
Under this program, you can get a rebate of up to $2,500 when you purchase a new or used EV. But here’s the really exciting part: if your annual household income doesn’t exceed 300% of the current poverty guidelines, you may be eligible for an additional $2,000 rebate! That’s a total of $4,500 in potential savings.
Of course, there are some conditions. The purchase price of eligible used vehicles can’t exceed $25,000. But that’s still a pretty good deal, especially when you consider the long-term savings you’ll enjoy from driving an electric vehicle.
So, if you’re in the market for a new or used EV, make sure to check out the official Virginia codes website that references Virginia Code 45.2-1725 and 67-1900 through 67-1907. It’s a great way to save money while also helping the environment.
The Final Word
To stay up-to-date on available incentives for EVs in Virginia and across the nation, bookmark our Incentives and Rebates in VA page where you’ll find the most up to date information on all electric vehicle tax credits and incentives available in Virginia and every other US state.
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