Incentives & Resources

Federal Tax Credit

With the passage of a retroactive federal tax credit, those who purchased EV charging infrastructure could be eligible for a credit up to $30,000 for commercial installations of charging stations. This federal tax credit was retroactively extended through December 31, 2021. Full details can be viewed on the U.S. Department of Energy website. 

IEPA Grant

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.

Incentives to convert your fleet to electric include:

• Passenger vehicle federal tax credit: Most new passenger vehicles can receive up to a $7,500 federal tax credit.
• Pay less at the plug: The cost of fueling an EV is less than half the cost of a traditional vehicle saving up to $1,300 per year in fuel costs. It’s like paying $1 per gallon of gas.
• Lower maintenance costs: All electric vehicles have fewer moving parts to maintain, costing half as much to maintain over the life of the vehicle.
• Managing charging is easy: We can help you develop a plan to manage your charging and reduce fueling costs.
• EVs are exempt from state motor vehicle emissions inspections. For more information, see the Illinois Environmental Protection Agency's Vehicle Emissions Testing Program website.