Virginia Electric Vehicle Tax Credits

There are quite a few benefits to owning an electric vehicle in Virginia, one of them being the Virginia electric vehicle tax credit. This is one of the best advantages of purchasing an electric vehicle in Loudoun County. You could even receive a property tax credit or discount on electricity if you charge your vehicle during certain times of the day. Learn more about the Virginia electric tax credit with the experts at BMW of Sterling today! For more information, feel free to contact us anytime.

Does Virginia Give a Tax Credit for Electric Vehicles?

So, does Virginia give a tax credit for electric vehicles? Yes! The Virginia state tax credit for electric vehicles is quite the incentive to head over to a local dealership and pick one up. To qualify for the Virginia electric vehicle tax credit, you must be a qualified resident of the state, meaning you can make no more than 300% of the current poverty guidelines. If you meet these requirements, you’ll be eligible for rebates of up to $2500. Even after this rebate, you could still be eligible for an enhancement rebate of up to $2,000. You could also be eligible for a reduced property tax and take advantage of discounted electricity rates for charging your vehicle at home. 

How to Qualify for the Virginia Electric Vehicle Tax Credits

If you’re wondering how to qualify for the Virginia electric vehicle tax credits, it depends on your overall income level and how much the vehicle costs. Let’s check this out in more detail to see whether you qualify. Depending on where you live within the state, you could also qualify for discounts on electricity, and even a property tax credit.

Come Purchase Your Electric Vehicle at BMW of Sterling!

Now that you know more about the Virginia state tax credit for electric vehicles, come stop by BMW of Sterling to check out our EV inventory today! If you have any questions about the Virginia electric vehicle tax credit, be sure to visit our finance center for more information! If you’re interested in learning more about our BMW electric vehicles, be sure to visit our website to learn how you could benefit without going far from Dulles Airport or the DC Metro area.