Incentives

For Electric Vehicles

• Federal Tax Credit: Up to $7,500
  • A federal IRS tax credit of up to $7,000 per new EV purchased for use in the U.S.  Eligibility and size of tax credit depends on the sourcing of its battery components and its critical minerals, where the vehicle was assembled, it’s suggested retail price and the buyer’s income.  Buyers can claim this tax credit as a point-of-sale discount.  (Also see opportunity below for reduced EV leasing costs with Qualified Commercial Clean Vehicles tax credit.)
• Federal Tax Credit: Used Clean Vehicle – Up to $4,000

  • A federal IRS tax credit of 30% of the sales price up to $4,000.  Must meet eligibility requirements including income limits, a sales price of $25,000 or less, and purchase from a dealer.  Buyers can claim this tax credit as a point-of-sale discount.

• Federal Tax Credit: Qualified Commercial Clean Vehicles – Up to $40,000

  • Businesses and tax-exempt organizations that buy a qualified commercial clean vehicle may qualify for a federal clean vehicle tax credit of up to $40,000, with a maximum credit of $7,500 for vehicles under 14,000 pounds.  Leasing companies can claim this credit for vehicles they purchase to lease to consumers, regardless of where they were assembled or how much they cost.  Many leasing companies are passing this credit to consumers in the form of lower lease payments.

• New York State Rebate: Up to $2,000
  • Open to all New York State residents, the Drive Clean Rebate offers a point-of-sale rebate towards the purchase or lease of a new electric car. Discount of up to $2,000 is applied at dealership.

For Charging Stations

• • New York State Tax Credit for Public and Workplace Charging
    • NYS income tax credit of up to $5,000 for the purchase and installation of an electric vehicle charging station. The credit is targeted at commercial and workplace charging stations. The tax credit is available through the end of 2025.
  • NYS Department of Environmental Conservation (DEC) Municipal ZEV Rebate Program
    • Provides rebates for costs associated with the purchase or lease (for at least 36 months) of eligible clean vehicles, and installation of eligible infrastructure that supports public use of clean vehicles.
  • Charge Ready NY 2.0
    • This program offers incentives to public, private and not-for-profit organizations that install Level 2 EV charging stations at workplaces, multi-unit dwellings (MUD’s) or public facilities that are owned and operated by municipal or state government entities.
      Learn more about Charge Ready NY 2.0
  • PSEG LI Make Ready Program
    • The EV Make Ready Program offers incentives for the infrastructure needed to power Level 2 and DCFC across Long Island. This program is available for all commercial customers including Multi-Unit Dwellings, Retail/Offices, Parking Facilities/Lots, and more.

https://www.psegliny.com/en/saveenergyandmoney/GreenEnergy/EV/CommercialCustomers/MakeReady

• PSEG LI Residential Charger Rebate
  • PSEG Long Island is currently providing an $200 incentive towards residential Level 2 chargers, and $300 for residences located in Disadvantaged Communities.
     
    • The chargers can be purchased via PSEG LI Online Marketplace or you can submit a receipt for qualified chargers.
    https://www.psegliny.com/saveenergyandmoney/GreenEnergy/EV/ResidentialCustomers/ChargerRebate

Other Incentives

• Clean Pass
  • Allows eligible low-emission, energy efficient vehicles to use LIE/HOV lanes regardless of number of occupants in the vehicle.
• EZ Pass Green Tag Discount
  • Offers a special 10% discount to Plug-In Electric and Plug-In Hybrid vehicles off the EZ Pass rate.