The Texas Emissions Reduction Program (TERP) offers a $2500 Rebate for the purchase or lease of an electric or plug-in hybrid vehicle.
These apply retroactively for vehicles purchased or leased on or after September 1, 2021
There are 2,000 rebates available and they are offered on a first-come, first-served basis. Applications will be accepted until the rebates are depleted - or January 7, 2023, whichever occurs first.
Information on the program may be found here. Eligible vehicles are listed here. (Automakers without dealerships in Texas are currently excluded from the program.) Instructions on how to apply and the forms you will need are here.
U.S. Dept of Energy: "Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles"
Austin Energy offers a EV360 Pilot Program for EV charging with reduced off-peak rates from 7pm-2pm on weekdays, and anytime on weekends. The lowest rates offered are $30/month. There is a one-time enrollment fee of $150.
Some utilities offer incentives for EV Owners. - Call and inquire. For instance,: Austin Energy offers PEV owners a rebate of 50% of the cost to purchase and install a Level 2 charging station, up to $1,500. Multi-family properties are also eligible for a rebate of up to 50% of the cost to install an approved Level 2 charging station.
Texas Insurance companies may offer discounts on EVs - ASK your agent!
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