The Colorado EV Incentive Can Be Applied To Used Plug-Ins Too −

The Colorado EV Incentive Can Be Applied To Used Plug-Ins Too

Published on May 27th, 2015 | by

May 27th, 2015 by

 While President George W. Bush passed a $7,500 federal tax rebate for plug-in cars during the waning days of his presidency, only a handful of US states have followed suit. Colorado has a mixed history with EV incentives, currently offering as much as $6,000 off the price of an applicable plug-in vehicle… and as it turns out, that rebate can be applied to both new and used cars.

colorado-ev-charger

Green Car Reports was told by an unnamed insider that as long as the plug-in car hadn’t been previously registered with the Colorado DMV, owners could apply for the state tax rebate. In other words, if you were to buy a used plug-in car from a neighboring state and register it in Colorado, you could get up to $6,000 back from taxpayers. Colorado has a funky way of figuring out how much plug-in car buyers receive, offering back 75% of a pre-determined premium over a comparable, conventional car.

Even so, it’s one of the most generous plug-in car incentives out there, and when combined with the $7,500 federal tax rebate, you could get as much as $13,500 off the price of a plug-in car. That more than offsets the $50 per-year registration plug-in car owners in Colorado must endure. With the price of plug-in cars like the Nissan LEAF and Chevy Volt falling to less than $13,000 on the used car market, Colorado residents could end up with a free, lightly-used plug-in vehicle.

No wonder Colorado isn’t publicizing this little-known gem of an incentive. But now that it’s out there, if you’re living in Colorado, you might want to get moving on this little loophole before the powers-that-be sew it up for good.


 

Don't forget to follow EV Obsession on Facebook, Twitter, Google+, and/or RSS! Do it for electricity!

About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing -- otherwise, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.
  • drummer261982

    This article is a bit inaccurate…the $7500 federal incentive is only for new cars, and the two couldn’t be combined for a “free” $13k used car. $7k for a Volt is still great though!

    • I think it’s just a misunderstanding. Yeah, only the CO incentive works with used cars.