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There are many reasons to buy an electric vehicle. They are environmentally friendly, energy efficient, and don’t require the purchase of gas. But did you know that you can save exponentially when you purchase an EV in Colorado? That’s right! The state of Colorado offers a great tax credit when you go electric. Read on to learn more about this incentive and book your test drive with one of our electric Volvo models at McDonald Volvo Cars today!
What is the Colorado EV Tax Credit?
Colorado is offering a $5,000 tax credit with the purchase of lease of a new EV at a retail price of up to $80,000. If you buy or lease an EV with a price of up to $35,000, you may be offered a $2,500 tax credit.
What Are the Qualifications for the Colorado EV Tax Credit?
In order to receive the Colorado EV tax credit, you must meet certain requirements. For one, you must pay taxes in the state of Colorado. In addition, the vehicle you purchase or lease must meet certain requirements, including that certain components must be sourced from countries that the United States has a Free Trade Agreement with.
Volvo EVs
- Volvo EM90
- Volvo EC40
- Volvo EX30
- Volvo EX90
- Volvo EX40
Book Your Test Drive in the Parker, CO Area
Purchasing a new Volvo EV and getting a great tax credit for it is a fun and simple process with McDonald Volvo Cars located near Aurora, CO. Contact us online or via phone call today to schedule a test drive with one of our breathtaking EV models and ask us any questions you might have about our inventory, electric vehicles, and Colorado’s tax credit. We can’t wait to help you find the EV that is right for you.
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