Nov 2021

Washington EV Tax Credit Increase?

A proposed tax credit of up to $12,500 for electric vehicles was proposed via a revised bill in Washington. The bill revises pricing for vehicles eligible for the credit: vans, sport utility vehicles and trucks up to $80,000 are eligible, while sedans remain at $55,000 as they were under the prior version. The earlier version capped credits at $64,000 for vans, $69,000 for SUVs and $74,000 for pickups.