Virginia State and Federal Tax Credits for Electric Vehicles in Chantilly, VA

Putting yourself behind the wheel of an electric vehicle can prove to be quite beneficial for those living in the state of Virginia. If you have been considering springing for a ride in this segment, or simply already own one, you will be happy to know that you might qualify for tax credits and benefits within the state as well as federally. In order to make sure you are able, you can take a quick peek at this informative overview and give us at Honda of Chantilly a call at 571-748-5611 if you have any questions or concerns!

Virginia Tax Credits

Let’s get the ball rolling by taking a look at the advantages that you will receive for traversing an electric vehicle in the state of Virginia. To begin, if you are currently a resident of Loudon or Arlington counties, you might be able to indulge in a reduced personal property tax1. To sweeten the deal, if you choose to charge your vehicle from the comfort of your own home instead of a public charging hub, you will be able to receive lower electricity rates compared to your average driver during off-peak hours¹. As you can see, the positives are prevalent in multiple facets of your lifestyle, not just driving!

Federal Tax Credits

If you meet the various requirements set forth by the Federal Government, then you will also be able to profit from even more tax credits! To move forward, you must have a new qualified PEV or EV that uses a battery that has at least five kilowatt-hours of capacity, uses an outside source of power to recharge the vehicle, and has a gross vehicle weight of up to 14,000-lb. If this sounds like something that pertains to you, then you will be excited to know that the minimum credit amount is $2,500 and it can reach rates of up to $7,500 based on the weight and battery capacity of your vehicle. It is important to know that you should take advantage of this offer sooner than later because once 200,000 qualifying vehicles are sold in the US, the incentive will be terminated, so check out our inventory today! 

Added Benefits!

Living in Virginia allows you to extend your benefits even further so you can enjoy some time on and off the road. To start, alternative fuel vehicle displaying the Virginia Clean Special Fuel license plate can use the Virginia HOV lanes without having to have a specific number of passengers in the vehicle². You also won’t have to set time aside for your annual emissions inspection because you will be completely exempt if your fuel economy ratings are at least 50 MPG! 

When it comes to Virginia state and federal tax credits for electric vehicles in Chantilly, VA, the bonuses are clear! You can come take a look at our options like the Clarity Plug-In Hybrid today when you swing by Honda of Chantilly. We look forward to speaking with you!