Washington State and the federal government offer incentives for purchasing or leasing electric vehicles.
Please note that we are not accountants or lawyers. If you have any questions about these incentives, you may ask us, but we cannot provide tax or legal advise.
The federal government provides a tax credit for up to $7,500 for a qualifying purchase of a new electric vehicle. The amount depends on the size of the car’s battery and it’s limited by your tax liability in the year that you purchase the car. You will get this credit applied to your annual tax return.
Washington State provides a sales tax exemption on the first $32,000 of the purchase or lease of a new electric vehicle. This exemption will be applied by the dealership when you get your car.
We’ve provided this calculator for you to estimate how much you might get in incentives if you buy an EV: