EV Rebates
EV Rebates
Hawaii Rebates
Qualified Hawaii residents, businesses, government agencies, and non-profit agencies may apply for rebates for the price of EVs and EVSE through the Hawaii EV Ready Rebate Program. EV rebates are in the amount of 20% of the vehicle purchase price, up to $4,500, and are restricted to one EV per applicant.To be eligible, the Internal Revenue Service must have approved the EV for the Qualified Plug-in Electric Drive Motor Vehicle Credit, and the vehicle must be purchased in Hawaii on or after August 1, 2010.
EVSE rebates are in the amount of 30% of the charging system cost including installation, up to $500. EVSE must be purchased on or before August 1, 2010, and installed before the rebate program ends; EVSE product and installation requirements apply. Rebates are issued on a first come, first served basis.
The Hawaii EV Ready Rebate Program will continue until September 30, 2011, or until funds are exhausted. Get state EV rebate program details and application here.
Federal Rebates
For cars, $2,500 to $7,500 tax credit, depending on size of battery (4 kWh to 16 kWh), for electric-drive vehicles (EVs and PHEVs) sold after December 31, 2008. Applies to at least 200,000 vehicles per manufacturer.The EV infrastructure tax credit was extended for one year until 12/31/11 at pre-stimulus levels. This means that the tax credit on an EV charge station is 30% up to $1000 for consumers and 30% up to $30,000 for businesses rather than 50% up to $2,000/50% up to $50,000 as it has been for the past two years. Applies to equipment installed before the end of 2011. More information about Federal rebates and credits are here.
