North Carolina State Tax Incentives for Purchasing a Used EV
In North Carolina, various state-level tax incentives and other rebates are available for individuals purchasing a used electric vehicle (EV). While North Carolina may not offer a direct state tax credit specifically for used EV purchases, there are multiple ways buyers can benefit from rebates and savings through utility providers and local programs.
1. Duke Energy EV Charging Rebate Program
Duke Energy offers a rebate program for EV owners who install a Level 2 charging station at home. Though this rebate is for the charger installation rather than the EV purchase itself, it reduces the overall cost of transitioning to an electric vehicle. Customers can receive a rebate of up to $500.
For more info, check here.
2. North Carolina Clean Energy Technology Center (NCCTC) Incentives
The NC Clean Energy Technology Center provides resources on available incentives for EVs and renewable energy technologies in the state. The center’s database includes state and local rebates, tax credits, and grants that may apply to EV purchases or related infrastructure.
For more info, check here.
3. Utility-Specific Rebates and Programs
In addition to Duke Energy, local utilities in North Carolina may offer specific rebates for customers who purchase or use electric vehicles. It is advisable to check with your local utility provider for any available rebates or cost savings related to used EV purchases or EV charging infrastructure.
For more info, check here.
4. Local and Regional EV Incentives
Some local governments and regional initiatives across North Carolina may offer additional financial incentives or support for purchasing used electric vehicles. For instance, certain municipalities may waive fees, offer rebates, or provide benefits such as free parking for EV drivers.
For more info, check here.
5. EV Time-of-Use Rate Plans
Many utility companies in North Carolina offer time-of-use (TOU) rate plans specifically for EV owners. These plans can help EV drivers save on electricity costs by charging their vehicles during off-peak hours when rates are lower.
For more info, check here.
