Smith Vehicles

Incentives — USA

Select your location to learn more about incentives for the purchase and ownership of an electric vehicle. Common commercial EV incentives include tax credits, rebates, vouchers, grants and unrestricted access to high occupancy commuter lanes on major roadways.
Tax incentives are complicated and subject to change without notice. While Smith Electric Vehicles does its best to keep this information up-to-date, it cannot guarantee the current accuracy. Contact Smith Electric Vehicles for more information. Smith Electric Vehicles recommends consulting a tax professional to validate incentive availability and eligibility.
If you are looking for incentives for fleets based outside the USA please visit our Incentives — Rest of World page or Contact Smith Electric Vehicles for more information.

Qualified Plug-In electric Drive Motor Vehicle Tax Credit

  • What:
    A tax credit is available for the purchase of a new qualified plug-in electric drive motor vehicle that draws propulsion using a traction battery that has at least four kilowatt hours of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, and meets specified emission standards.
  • How Much:
    The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle’s traction battery capacity and the gross vehicle weight rating.
  • Expiration:
    This tax applies to vehicles acquired after December 31, 2009. Through December 31, 2011, qualified plug-in electric vehicle conversions are also eligible for a tax credit for 10% of the conversion cost, not to exceed $4,000.

EPA- Diesel Emissions Reduction Act (DERA) Grant

  • What:
    Administered by the EPA – awarded on a regional basis, DERA funds are available yearly on a competitive grant basis.
  • How Much:
    EPA will fund the incremental cost of a replacement vehicle up to 25% of the total cost of the vehicle.

Clean Cities

  • What:
    Various grant opportunities nationally. Available through each Clean Cities Coordinator.
  • How Much:
    Up to 50% total cost of the vehicle. May vary with funding opportunities.

Congestion, Mitigation and Air Quality Funds – CMAQ Program

  • What:
    Federal money dispersed to states. States administer to localities based on air quality.
  • How Much:
    Varies. See State-by-State Programs.