Electric Vehicle Offers & Information
Consider Installing a Level 2 (240V) Electric Vehicle Charger
Level 2 electric vehicle supply equipment (EVSE) provides charging through a 240 V AC plug. Level 2 adds about 10 to 60 miles of range to a vehicle per hour of charging time, making it far more convenient than standard 120 V AC charging, which adds about 2 to 5 miles per hour of charging. Additionally, level 2 charging is a more energy-efficient method of charging, as most EV have on-board components that require additional electricity the entire time the EV is plugged in.
- Level 2 chargers are four to six times faster than using a standard home outlet.
- More efficient charging than standard outlet (120V) charging.
- Many units come with additional controls, such as timers and wifi connectivity.
Washington State EV Sales Tax Exemption
The original sales and use tax exemption for clean alternative fuel, electric, and plug-in hybrid vehicles expired June 1, 2018, and the last day to use this exemption was May 31, 2018. The previous program expired because the total number of qualifying vehicles titled in Washington since July 15, 2015 reached the 7,500 vehicle limit.
Beginning Aug. 1, 2019 a revised Washington State sales and use tax exemption for new or used clean alternative fuel and certain plug-in hybrid vehicles is available and will run in three phases:
Phase 1: August 1, 2019 through July 31, 2021
Pay no sales tax on the first $25,000 of qualified new EV purchase
Phase 2: August 1, 2021 through July 31, 2023
Pay no sales tax on the first $20,000 of qualified new EV purchase
Phase 3: August 1, 2023 through July 31, 2025
Pay no sales tax on the first $15,000 of qualified new EV purchase
The exemption will be applied to the sales price or monthly lease payment when you purchase or lease a new passenger car, light duty truck or medium duty passenger vehicle that meets one of the following requirements:
• The vehicle is powered exclusively by a clean alternative fuel.
• The plug-in hybrid is capable of traveling at least 30 miles using only battery power, and sold or valued at $45,000 or less (including the amount of any trade-in vehicle).
For qualified used vehicles purchased or leased between Aug. 1, 2019 and Jul. 31, 2025, there is a sales and use tax exemption available for up to $16,000 of the sales price or lease payments.
- Offer valid August 1, 2019 through July 31, 2025
- Consult WA DOL and DMV for additional details
- Restrictions apply, subject to change
UPDATE: Electric Vehicle Federal Tax Credit up to $7,500
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles (section 30D). These changes will phase in over time. Effective immediately after enactment of the Inflation Reduction Act (after August 16, 2022), the tax credit is only available for qualifying electric vehicles for which final assembly occurred in North America. Further changes to the eligibility rules will begin in 2023.
Overall, the reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years. However, the only change to the electric vehicle credit that takes effect immediately after the President signs the Inflation Reduction Act into law is the North America final assembly requirement.
Separately, starting in 2023, the Inflation Reduction Act also establishes tax credits for pre-owned clean vehicles (section 25E) and for commercial clean vehicles (section 45W). Treasury and the Internal Revenue Service will release more information on all the clean vehicle credits in the coming months.
source: U.S. DEPARTMENT OF THE TREASURY, August 16, 2022
- Consult your tax adviser to make sure you qualify
- Max tax credit $7,500
- Restrictions apply, subject to change without notice
UPDATE: EV Charging Equipment Federal Tax Credit up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information