Virginia State Tax Incentives for Purchasing a Used EV
Virginia offers several incentives for purchasing used electric vehicles (EVs), including state-level tax credits, rebates, and other incentives through utilities and local programs. Below is a comprehensive list of the available incentives for used EV purchases in Virginia, along with helpful links to resources.
1. Virginia Clean Vehicle Rebate Program (if reinstated)
Although Virginia had a Clean Vehicle Rebate Program that provided rebates for electric vehicles, it was paused due to funding issues. If reinstated, the program may offer rebates for used EVs purchased by low- to moderate-income buyers. Stay updated with the Virginia Department of Environmental Quality (DEQ) for any program updates.
2. Utility Rebates from Dominion Energy
Dominion Energy, one of Virginia’s largest utility providers, offers incentives for electric vehicle owners. While there may not be direct rebates for purchasing a used EV, they offer rebates for installing EV chargers, which can reduce your costs when setting up at-home charging infrastructure.
For more info, check here.
3. Local Utility Incentives
In addition to Dominion Energy, other local utilities across Virginia may offer incentives for EV owners, including rebates on EV purchases or support for home charging installations. Check with your local utility provider for specific programs.
For more info, check here.
4. Reduced Personal Property Tax (Localities)
Some counties and cities in Virginia offer reduced personal property tax rates for electric vehicles. These incentives vary by locality, so it's a good idea to check with your local tax office for details on the rates available in your area.
For more info, check here.
While Virginia currently does not offer extensive state-wide tax incentives for used EVs, localities and utilities provide valuable programs to make owning an electric vehicle more affordable. Make sure to stay updated with any changes in the state's EV policies by checking with the Virginia Department of Environmental Quality and local utility providers.
