Business Electric Vehicle Savings & Incentives
Save when you invest in electric vehicles and electric vehicle charging equipment.


Federal Tax Credits
Businesses may receive between $7,500 and $40,000 as a federal tax credit for fleets vehicles, and businesses installing charging equipment may be eligible for up to a $100,000 federal tax credit.
State Incentives
The Illinois Environmental Protection Agency (IEPA) has provided grants for transportation electrification. The IEPA will prioritize investments in medium-heavy duty vehicle charging, public transit, fleet, etc.
Clean School Buses
The EPA’s new Clean School Bus Program provides rebates and grants to replace existing school buses with zero-emission and low emission models as well as technical assistance, educational materials, and workforce training.
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Federal Tax Credits

Switching to electric fleet passenger vehicles can be surprisingly affordable with assistance from the U.S. Federal Government.

  • Commercial EVs under 14,000 lbs. are eligible for a tax credit of $7,500
  • Commercial EVs over 14,000 lbs. are eligible for a tax credit of $40,000
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Charging Station Tax Credits
Installing electric vehicle charging stations at your business can help you attract talent, tenants and customers. The U.S. Federal Government offers a generous tax credit for EV chargers that may cover up to 30% of the total project costs (maximum amount of $100,000 per installation.)
Savings Benefits

Electric vehicles (EVs) cost less to charge and maintain. A pure electric vehicle can save you up to $1,300 on fuel and costs half as much to maintain over the life of the vehicle.

Learn how much an EV can save you per mile with the Ameren Illinois savings calculator.

Get a Free Consultation

Wondering what the future of transportation looks like for your business? Have questions about available incentives? Unsure where to start? We understand that making the switch to electric can be challenging, but we’re here to help.

We partner with you to understand your goals, analyze feasibility and financial impacts, then deliver a personalized plan and help every step of the way.

Fill out this form to connect with our electric vehicle experts.