Colorado Boosts EV Incentive To $5000, Adds $2500 Sweetener

Colorado Boosts EV Incentive To $5000, Adds $2500 Sweetener

Wednesday, May 31, 2023

Colorado is on a mission to get almost 1 million electric cars on its roads by 2030. Today, there are about 80,000 EVs in the state, so there’s a long way to go and a short time to get there. Sales are rising, however. This year, more than 10% of new vehicles sold in Colorado are EVs. The state already has a $2,000 tax credit for residents who purchase an electric car, but as of July 1, that will increase to $5,000.

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