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Does Ohio have an electric car rebate?
I live in Ohio, and I can't find any incentives for EV purchases like they have in other states. I'm about to finish purchasing my first electric car and want to reduce the price in any way I can. Does Ohio even have an electric car rebate?
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on your new car. At this time, Ohio does not offer an electric car rebate.
Firstly, you can still take advantage of the federal EV tax credit provided by the US government to purchase new electric vehicles. Historically, the Ohio market has not been prioritized by manufacturers for distribution, often leaving the state with limited supplies of electric cars.
In 2019 a bill was introduced to the Ohio Senate to help Ohioans with the costs of buying electric cars. The bill proposed:
- $500 sales tax credit at the time of sale when purchasing a new EV
- $1000 sales tax credit for fleet vehicles
- $1500 sales tax credit for companies that build EV charging stations
The bill still hasn’t passed, but it is a great way to help lower the initial cost of buying an electric vehicle, especially for lower and middle-income earners.
Electric car owners in Ohio are also subject to a significant EV tax of $200/year. The tax credit would help make the EV tax more palatable for those intending to switch to an electric car.
Thankfully, there are other ways to save some money when buying a new car, like car insurance.
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