The State of Colorado offers an income tax credit for the purchase or lease of an electric motor vehicle, a plug-in hybrid motor vehicle, or an original equipment manufacturer electric/plug-in hybrid electric truck.
|Incentive Type:||Personal Tax Credit|
|Eligible Renewable/Other Technologies:||Passenger Electric Vehicles,Plug-in Electric Hybrid Vehicles,Medium-Duty Electric Vehicles,Heavy-Duty Electric Vehicles|
Light-duty or PHEV: $2,500 purchase or conversion / $1,500 lease
Light-duty truck: $3,500 purchase or conversion / $1,750 lease
Medium-duty truck: $5,000 purchase or conversion / $2,500 lease
Heavy-duty truck: $10,000 purchase or conversion / $5,000 lease
* Incentive amounts began stepping down in 2020
|Technologies:||Plug-in Electric Hybrid Vehicles|
|Parameters:||The incentive has a minimum of $2500.00|
|Technologies:||Medium-Duty Electric Vehicles|
|Parameters:||The incentive has a minimum of $5000.00|
|Technologies:||Heavy-Duty Electric Vehicles|
|Parameters:||The incentive has a minimum of $10000.00|
|Name:||H.B. 1159 (2019)|
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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