EV Incentives
TCEQ NOW Accepting Applications for Texas $2500 EV & Plug-In Hybrid Rebate Program until Jan 2023!
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.
- Form 2 has to be signed by a representative of the dealership, from which you acquired the vehicle. Get this done when you purchase/lease the vehicle!!! (If you are working with a dealer I have trained, they should have copies of the forms waiting for you.)
- You will have to provide a copy of the vehicle title, if you are applying retroactively. If you are in the process of buying/leasing the vehicle, the dealership should provide you with a copy of the Application for Texas Title and Registration.
- There are other documents you will need to provide, but those are normally given to you at time of purchase (like the financing contract). If you paid cash, you’ll need a copy of the check. Make sure you include everything required by using the checklist in the form set.
The Feds Offer a $7500 EV Tax Credit for qualified EV and Hybrid vehicles. Find out more below:
U.S. Dept of Energy: "Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles"
U.S. Office of Energy Efficiency & Renewable Energy
Find Incentives at "Plug-In America" with Your Zip Code
OTHER TEXAS INCENTIVES
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!