• 23-MAR-2012

  • SOURCE: General Motors - Global

More Luxury for Less Money: Several States Issue Tax Break for Electric Vehicle Drivers

Electric vehicle charging stations are popping up nationwide in an effort to push Americans to invest in the environment and reduce the amount of pollution coming from gas powered cars. As a result, many states are giving a monetary incentive as well; offering an additional tax break for those who purchase a car causing less strain on the planet.

Currently, almost 30 states have some kind of electric vehicle tax incentive. Colorado offers one of the nation's most generous tax credits for electric cars and plug-in hybrids. In fact, residents looking to buy a new eco-friendly car will receive a $7,500 federal tax break and then another $6,000 from the state. That means drivers can spring for a more luxurious car for the same price you would pay for a lower-end model.


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