Thinking about going electric? The Minnesota Electric Car Rebate can help you save money on the purchase or lease of a new or used electric vehicle (EV).
What is the Minnesota Electric Car Rebate?
The Minnesota Electric Car Rebate is a financial incentive offered by the Minnesota Department of Commerce to encourage residents to switch to electric vehicles. The program provides rebates of up to \$2,500 for new EVs and \$600 for used EVs.
How does the Minnesota Electric Car Rebate work?
To apply for the Minnesota Electric Car Rebate, you must first purchase or lease an eligible EV. Once you have taken delivery of your EV, you can apply for the rebate online. The application process is simple and straightforward. You will need to provide the following information:
- Your name and contact information
- The VIN number of your EV
- The date of purchase or lease
- The purchase price or lease amount
- Proof of residency in Minnesota
What are the eligibility requirements for the Minnesota Electric Car Rebate?
To be eligible for the Minnesota Electric Car Rebate, you must meet the following requirements:
- You must be a Minnesota resident.
- You must purchase or lease an eligible EV on or after May 25, 2023.
- The EV must be titled in Minnesota.
- The EV must have a base MSRP of \$55,000 or less, excluding taxes and fees.
What types of EVs are eligible for the Minnesota Electric Car Rebate?
The following types of EVs are eligible for the Minnesota Electric Car Rebate:
- New all-electric vehicles
- New plug-in hybrid electric vehicles
- Used all-electric vehicles
- Used plug-in hybrid electric vehicles
How much money can I save with the Minnesota Electric Car Rebate?
The amount of money you can save with the Minnesota Electric Car Rebate depends on the type of EV you purchase or lease. For new EVs, the rebate is up to \$2,500. For used EVs, the rebate is up to \$600.
Read too: Exploring the Future of Sustainable Mobility with the New Golf Electric Car: A Comprehensive Review
Why should I consider going electric?
There are many reasons to consider going electric. Here are a few:
- Electric vehicles are better for the environment. They produce zero emissions, which helps to improve air quality and reduce greenhouse gas emissions.
- Electric vehicles are more efficient than gasoline-powered vehicles. They use less energy to operate, which saves you money on fuel costs.
- Electric vehicles are quieter than gasoline-powered vehicles. This makes them more pleasant to drive and can help to reduce noise pollution.
- Electric vehicles are becoming more affordable. The cost of EVs has been declining in recent years, and there are now a variety of affordable EVs on the market.
Where can I learn more about the Minnesota Electric Car Rebate?
For more information about the Minnesota Electric Car Rebate, please visit the Minnesota Department of Commerce website.