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Can you get an electric car rebate on a used Tesla?
I prefer to buy used cars, but I want to take advantage of some government incentives. Can I get an electric car rebate on a used Tesla?
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Good question—the short answer is no. You cannot get a rebate on a used Tesla or any other used eco-friendly vehicle for that matter.
You may have heard tales of the fantastic
incentives
available to people making the shift to an all-electric vehicle. It’s true—the American government is working with electric car manufacturers to encourage the sale of green cars. This initiative is a part of a zero-emissions plan they have set to benefit the environment. Unfortunately, this doesn’t apply to every sale.
Incentives for all-electric vehicles are given only to the original buyer of the car through the manufacturer. So if you’re looking to benefit from a rebate when buying an electric vehicle, a used Tesla doesn’t make the cut.
This also applies to those looking to lease an electric vehicle. Incentives are only available to new owners purchasing the car new. And you better act soon because *federal tax rebates are slowly on their way out due to the rise in the popularity of electric vehicles.
In fact, new EVs from Tesla and GM are no longer eligible for the federal tax credit. So if you want to take advantage of the tax credit, you’ll have to look elsewhere.
After you buy your EV, the savings keep coming. The friendly agents at
Jerry
will find you great insurance at the lowest price. Before every policy renewal period, you’ll be presented with new competitive quotes, which means you’ll always have the best coverage at the best price. If you want to switch policies, that’s fine! Jerry can help cancel your old policy.
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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