North Dakota State Tax Incentives for Purchasing a Used EV
Purchasing a used electric vehicle (EV) in North Dakota comes with several benefits through state tax incentives, utility rebates, and other incentive programs. Below are the details of these incentives and useful resources to learn more.
State Tax Incentives for EVs in North Dakota
Currently, North Dakota does not offer any direct state tax incentives specifically for purchasing a used electric vehicle. However, residents can benefit from other EV-related programs and utility rebates.
Utility Rebates and Incentives
1. Cass County Electric Cooperative (CCEC): CCEC offers a rebate for residential customers who install a Level 2 EV charger at their homes. The rebate amount can go up to $500, depending on the charger and installation costs.
Learn more about CCEC’s EV rebate program here.
2. Capital Electric Cooperative: Capital Electric Cooperative offers rebates of up to $200 for the installation of a Level 2 charger. This rebate is available for both new and used EV purchases.
Check details about Capital Electric Cooperative’s program here.
3. Northern Plains Electric Cooperative: Northern Plains Electric Cooperative provides rebates for the installation of Level 2 chargers in homes. The rebate can be as high as $500.
Explore more about Northern Plains Electric Cooperative here.
Other Incentive Programs
Some credit unions and banks in North Dakota offer low-interest loan programs for residents who want to purchase electric vehicles. These loans typically have lower interest rates and extended terms to make purchasing a used EV more affordable.
Check with your local financial institution to see if they provide EV-specific loan programs.
Conclusion
While North Dakota doesn’t currently offer direct state tax incentives for used EV purchases, there are several utility rebates and other financial assistance options available. Be sure to consult with your local utility provider or financial institution to maximize your savings.
