Maryland State Tax Incentives for Purchasing a Used EV
1. Maryland Excise Tax Credit for Plug-In Electric Vehicles
While Maryland’s excise tax credit primarily applies to new plug-in electric vehicles (PEVs), buyers of used EVs should check if they qualify under any ongoing amendments or future programs. This credit can significantly reduce the upfront cost of purchasing an EV.
Maryland EV Tax Credit Information
2. Utility Provider Incentives
Baltimore Gas and Electric (BGE)
BGE offers rebates for residential customers who install Level 2 EV charging stations. BGE also provides Time-of-Use (TOU) rates, allowing EV owners to charge their vehicles during off-peak hours at a lower cost.
BGE EV Incentives
Pepco
Pepco offers rebates and incentives for customers who install smart chargers. Additionally, Pepco offers TOU rates for EV charging, reducing the cost of electricity when charging at specific times.
Pepco EV Incentives
3. Local Utility Programs
Some local utility companies in Maryland offer incentives for EV charging infrastructure or Time-of-Use rates that can help reduce costs associated with owning a used EV. Check with your local provider to see if any additional rebates or discounts are available.
4. EV Infrastructure Incentives
Maryland also offers grants and initiatives to expand EV charging infrastructure across the state, making it easier for EV owners to find convenient charging stations.
Maryland Charging Infrastructure Grants
