State of Colorado EV Tax Credit

State of Colorado EV Tax Credit logo

Tax credits are available in Colorado for the purchase, lease and conversion of light, medium and heavy duty electric vehicles (EV). These credits were simplified effective Jan. 1, 2017. No credit is allowed for the purchase or lease of a used vehicle made on or after Jan. 1, 2017.

Questions about EV tax credits? Contact the Colorado Department of Revenue at 303-238-7378

  • Restrictions apply
  • Consult a tax professional to determine if you qualify
  • Visit Colorado Energy Office website for details

Incentive Information

Light-duty EV or PHEV
2019: $5,000 for purchase or conversion; $2,500 for lease
2020: $4,000 for purchase or conversion; $2,000 for lease
2023: $2,500 for purchase or conversion; $1,500 for lease
2026: $2,000 for purchase or conversion; $1,500 for lease