EV Purchase Incentives

Maryland has become a key state when it comes to the electric vehicle (EV) industry, from EV infrastructure (charging) to electric cycling to EVs in local and state fleets. See http://mdcleanenergy.org/all-about-energy/advanced-technologies/transportation. Maryland offers car buyers and companies handsome financial perks. See https://marylandev.org/2016/11/23/incentives/#state.

The Plug-In Electric Vehicle (PEV) Excise Tax Credit is a one-time state tax credit that Maryland car buyers are offered up to $3000. A State tax break also is offered to local area businesses. Federal EV tax credits of up to $7,500 also are available. See http://www.dmv.org/md-maryland/green-driver-state-incentives.php for more details.

by Darius McDaniels

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