Oklahoma State Tax Incentives for Purchasing a Used EV
Purchasing a used electric vehicle (EV) in Oklahoma comes with various state and local incentives aimed at reducing the cost of EV ownership. These incentives include tax credits, rebates from utilities, and other programs designed to encourage EV adoption. Here’s a comprehensive list of incentives and rebates available in Oklahoma:
1. Oklahoma State Electric Vehicle Tax Credit
Oklahoma offers a tax credit for certain alternative fuel vehicles, including electric vehicles. While the primary focus is on new vehicles, individuals purchasing a used EV may also qualify for a portion of this credit, especially if the vehicle was not previously claimed under the program.
- Credit Amount: Up to 45% of the incremental cost of the vehicle or 10% of the vehicle's total cost, whichever is less.
- Eligibility: Applies to both new and previously untaxed vehicles.
For more info, check here.
2. OG&E Electric Vehicle Charging Incentive Program
Oklahoma Gas and Electric (OG&E) offers an EV-specific rate for customers who charge their vehicles at home during off-peak hours. While this is not a direct rebate for purchasing a used EV, it can lead to long-term savings for EV owners.
- Details: EV-specific electricity rate during off-peak hours (nighttime charging).
- Eligibility: Available to OG&E customers who own an electric vehicle.
For more info, check here.
3. Public Service Company of Oklahoma (PSO) EV Rebate
PSO offers a rebate to customers who install a Level 2 charging station in their homes. Although this program does not directly reduce the cost of a used EV, it provides savings on necessary infrastructure for home charging.
- Rebate Amount: Up to $250 rebate for the installation of a Level 2 home charging station.
- Eligibility: PSO customers who own an electric vehicle and install a qualified charging station.
For more info, check here.
4. Indian Nations Council of Governments (INCOG) ChargeOK Rebate
The ChargeOK Rebate Program, administered by INCOG, is part of the Oklahoma EV Charging Infrastructure Plan. It provides incentives for individuals and businesses to install charging stations, supporting the infrastructure necessary for EV adoption.
- Rebate Amount: Varies by installation and type of charging station.
- Eligibility: Available to businesses and individuals installing charging stations.
For more info, check here.
5. Tulsa Area Clean Cities Program
Tulsa Area Clean Cities offers resources and education for individuals and businesses interested in electric vehicles. While it does not offer direct rebates, it provides useful information and support for EV purchasers, including used EV buyers.
Services Offered: EV adoption support, charging infrastructure assistance, educational resources. For more info, check here.
Additional Resources:
- Oklahoma Department of Environmental Quality (ODEQ): Offers additional information and resources for alternative fuel vehicles, including electric vehicles. For more info, check here.
- Drive Electric Oklahoma: A comprehensive resource for all things electric vehicles, including incentives and resources for Oklahoma residents. For more info, check here.
This summary provides a broad overview of state and local incentives available for purchasing a used EV in Oklahoma. Each of these programs contributes to making EV ownership more affordable and accessible for residents of the state.
