Electric Vehicle (EV) Charging Station Grants For additional information, including requirements and funding availability, see the CEO EV DCFC Plazas Program website. Awardees must provide five years of continuous use. Eligible applicants may receive grants up to 80% of project costs at each proposed location. Priority locations are near downtown areas, high-density housing, commercial developments, transit hubs, transportation network company dense areas, and underserved communities. The Colorado Energy Office (CEO) administers the Colorado Electric Vehicle (EV) DCFC Plazas Program. The financing entity may collect an administrative fee of no more than $250.įor more information, see the Colorado Department of Revenue Individual Income Tax Guidance Publications website. A purchaser may assign the tax credit generated through the purchase or lease to any of the above categories of vehicle to the financing entity, allowing the purchaser to realize the value of the tax credit at the time of purchase or lease. Eligible purchased vehicles must be new, and eligible leased vehicles must have a lease term of not less than two years. The credit amount for any qualifying truck is limited to the difference in manufacturer’s suggested retail price between the qualifying truck and a comparable truck that operates on either gasoline or diesel fuel. Light-duty EVs purchased or leased between January 1, 2024, and January 1, 2029, with a manufacturer’s suggested retail price below $35,000 may receive an additional tax credit of $2,500. Light-duty EVs purchased or leased before January 1, 2029, are eligible for a tax credit equal to the amounts below, per calendar year: Qualified EVs titled and registered in Colorado are eligible for a tax credit. To review Colorado’s NEVI plan, see the Joint Office State Plans for EV Charging website. The submitted plans must be established according to NEVI guidance.įor more information about Colorado’s NEVI planning process, see the CDOT NEVI website. Department of Energy (DOE) Joint Office of Energy and Transportation (Joint Office), describing how the state intends to distribute NEVI funds. Department of Transportation’s (DOT) NEVI Formula Program requires the Colorado Department of Transportation (CDOT) to submit an annual EV Infrastructure Deployment Plan (Plan) to the DOT and U.S. State Incentives Colorado's National Electric Vehicle Infrastructure (NEVI) Planning Listed below are the summaries of all current Colorado laws, incentives, regulations,įunding opportunities, and other initiatives related to alternative fuels and vehicles,Īdvanced technologies, or air quality.
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