In order to encourage the purchase of electric vehicles and charging stations, federal, state and local governments are offering the following incentives.
Federal Incentives
Electric vehicles may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to fuel the vehicle.
Details on the federal credit for EV purchases can be found at The U.S. Department of Energy.
State Incentives
A rebate is available in the amount of $4,000 for EVs (or $1,500 for electric motorcycles) purchased after July 1, 2022. Details can be found via the Illinois EPA.
Federal Incentives
Electric vehicles may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to fuel the vehicle.
Details on the federal credit for EV purchases can be found at The U.S. Department of Energy.
State Incentives
A rebate is available in the amount of $4,000 for EVs (or $1,500 for electric motorcycles) purchased after July 1, 2022. Details can be found via the Illinois EPA.
Local Incentives
The Town of Normal will waive the electric permit fee for charging stations installed in Normal.
The Town of Normal will waive the electric permit fee for charging stations installed in Normal.
Other Incentives
Your electricity provider may be offering incentives relating to electric vehicles. Visit Ameren's or Corn Belt's incentive pages to learn more.
