What incentives are electric vehicles eligible for in the US? The following table shows the Federal tax credit and California CRVP rebate amount available for BEVs and PHEVs currently for sale in the US.
These amounts are for Federal tax credits effective January 1, 2020 and California CRVP rebates effective December 3, 2019 when several changes were made to that program.
Make / Model | PHEV or BEV | Federal Tax Credit (As of Jan 1, 2020) | Eligible for CVRP | California CVRP Rebate (As of Dec 3, 2019) | Range (miles) | MSRP | MSRP - Fed + Calif. Incentives |
---|---|---|---|---|---|---|---|
Tesla Model S Long Range | BEV | $0 | No | $0 | 335 | $85,000 | $85,000 |
Tesla Model 3 Long Range | BEV | $0 | Yes | $2,000 | 325 | $44,500 | $42,500 |
Tesla Model S Performance | BEV | $0 | No | $0 | 315 | $99,000 | $99,000 |
Tesla Model X Long Range | BEV | $0 | No | $0 | 295 | $89,500 | $89,500 |
Tesla Model X Performance | BEV | $0 | No | $0 | 289 | $104,000 | $104,000 |
Hyundai Kona Electric | BEV | $7,500 | Yes | $2,000 | 258 | $36,450 | $26,950 |
Tesla Model 3 Standard Range Plus | BEV | $0 | Yes | $2,000 | 240 | $37,500 | $35,500 |
Chevrolet Bolt EV | BEV | $1,875 | Yes | $2,000 | 238 | $36,620 | $32,745 |
Jaguar I-PACE | BEV | $7,500 | No | $0 | 234 | $69,500 | $62,000 |
Nissan LEAF S PLUS | BEV | $7,500 | Yes | $2,000 | 226 | $36,550 | $27,050 |
Tesla Model 3 Standard Range | BEV | $0 | Yes | $2,000 | 220 | $35,000 | $33,000 |
BMW i3 | BEV | $7,500 | Yes | $2,000 | 153 | $44,450 | $34,950 |
Nissan LEAF S | BEV | $7,500 | Yes | $2,000 | 150 | $29,990 | $20,490 |
VW e-Golf | BEV | $7,500 | Yes | $2,000 | 125 | $31,895 | $22,395 |
Hyundai Ioniq Electric | BEV | $7,500 | Yes | $2,000 | 124 | $30,315 | $20,815 |
Kia Soul EV | BEV | $7,500 | Yes | $2,000 | 111 | $33,950 | $24,450 |
Honda Clarity Electric | BEV | N/A | Yes | $2,000 | 89 | $36,620 | $34,620 |
Fiat 500e | BEV | $7,500 | Yes | $2,000 | 87 | $33,320 | $23,820 |
smart fortwo electric drive | BEV | $7,500 | Yes | $2,000 | 58 | $23,900 | $14,400 |
Honda Clarity PHEV | PHEV | $7,500 | Yes | $1,000 | 47 | $33,400 | $24,900 |
Chrysler Pacifica Hybrid | PHEV | $7,500 | Yes | $1,000 | 33 | $41,995 | $33,495 |
BMW 530e | PHEV | $5,836 | No | $0 | 30 | $52,395 | $46,559 |
Kia Optima Plug-In Hybrid | PHEV | $4,919 | Yes | $1,000 | 29 | $35,210 | $29,291 |
Hyundai IONIQ PHEV | PHEV | $4,543 | Yes | $1,000 | 29 | $24,950 | $19,407 |
BMW 745e xDrive | PHEV | $5,836 | No | $0 | 28 | $90,095 | $84,259 |
Hyundai Sonata PHEV | PHEV | $4,919 | Yes | $1,000 | 27 | $34,600 | $28,681 |
Kia Niro PHEV | PHEV | $4,543 | Yes | $1,000 | 26 | $27,900 | $22,357 |
Toyota Prius Prime | PHEV | $4,502 | Yes | $1,000 | 25 | $27,100 | $21,598 |
BMW 330e | PHEV | $4,001 | No | $0 | 22 | $43,700 | $39,699 |
Mitsubishi Outlander PHEV | PHEV | $5,836 | No | $0 | 22 | $34,595 | $28,759 |
Volvo S90 T8 PHEV | PHEV | $5,002 | No | $0 | 21 | $64,645 | $59,643 |
Ford Fusion Energi PHEV | PHEV | $4,609 | Yes | $1,000 | 21 | $33,120 | $27,511 |
Mercedes S550 PHEV | PHEV | $4,460 | No | $0 | 20 | $95,650 | $91,190 |
Volvo XC60 T8 PHEV | PHEV | $5,002 | No | $0 | 18 | $53,895 | $48,893 |
Volvo XC90 PHEV | PHEV | $5,002 | No | $0 | 17 | $67,800 | $62,798 |
Subaru Crosstrek Hybrid (PHEV) | PHEV | $4,502 | No | $0 | 17 | $35,970 | $31,468 |
Porsche Panamera E-Hybrid | PHEV | $4,752 | No | $0 | 16 | $99,600 | $94,848 |
BMW i8 | PHEV | $5,669 | No | $0 | 15 | $143,400 | $137,731 |
Mercedes GLC 350e | PHEV | $4,460 | No | $0 | 15 | $49,990 | $45,530 |
Porsche Cayenne S E-Hybrid | PHEV | $6,712 | No | $0 | 14 | $79,900 | $73,188 |
BMW X5 xDrive 40e | PHEV | $4,668 | No | $0 | 14 | $63,200 | $58,532 |
Mercedes GLE 550e | PHEV | $4,460 | No | $0 | 12 | $66,300 | $61,840 |
Mini Cooper S E Countryman All4 | PHEV | $4,001 | No | $0 | 12 | $36,800 | $32,799 |
Mercedes C350e | PHEV | $3,501 | No | $0 | 11 | $46,050 | $42,549 |