Electric Vehicle Offers & Incentives
BGE Time of Use (TOU) Rate Program
BGE now offers a special time of use rate for electric vehicle (EV) charging. This new customer pricing plan provides the benefit of reduced electric bills to customers who charge their EV during off-peak hours. In order to enroll, you must have an eligible charger.
- Potential to reduce your energy bill
- Charge your vehicle when energy costs less
- Restrictions apply; see program details for more information
Federal Tax Credit for EV Charging Equipment up to $1,000
Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.
- Consult a tax professional to see if your installation qualifies
- Visit IRS website for additional information
Incentive Information
Federal Tax Credit of 30% of the cost of residential charging equipment, up to $1,000.
Federal Tax Credit for New & Used Electric Vehicles
A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.
Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.
- Consult your tax adviser to make sure you qualify
- Tax credit amount varies based on vehicle details
- Restrictions apply, subject to change without notice
Incentive Information
Electric Vehicle Federal Tax Incentive up to $7,500
Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program
MEA is working with Marylanders to expand the State's growing electric vehicle recharging infrastructure through the Electric Vehicle Supply Equipment Rebate Program 2.0.
Through the program, residents, governments and businesses can acquire a state rebate for purchasing or installing an electric vehicle charging station, known as Electric Vehicle Supply Equipment (EVSE). In order to receive these rebates, eligible participants must apply with MEA, which will issue rebates on a first-come, first-served basis.
Through the program, residents, governments and businesses can acquire a state rebate for purchasing or installing an electric vehicle charging station, known as Electric Vehicle Supply Equipment (EVSE). In order to receive these rebates, eligible participants must apply with MEA, which will issue rebates on a first-come, first-served basis.
- Must be resident of Maryland
- Rebate is 40% of the purchase and installation price (capped at 40% up to $700)
- Subject to program funding availability
- Restrictions apply; visit program website for details
Incentive Information
Residential rebate is 40% of the purchase and installation price up to $700 (cap)
Commercial rebate is 40% of the purchase and installation price up to $4000 (cap)
Commercial rebate is 40% of the purchase and installation price up to $4000 (cap)
Maryland $3000 One-Time Excise Tax Credit for Plug-in EV
Program details: You may be eligible for a one-time excise tax credit, up to $3000.00, when you purchase a qualifying plug-in electric vehicle. Effective July 1, 2023 through July 1, 2027, an individual may be entitled to receive an excise tax credit on a qualifying plug-in electric vehicle regardless of whether they own or lease the vehicle. Business entities may also qualify for the tax credit on up to ten vehicles.
- The criteria for a qualifying plug-in electric vehicle are as follows:
- The vehicle must be primarily for use on public streets, roads and highways.
- The vehicle cannot be modified from manufacturer's specifications.
- Must be a new vehicle titled for the first time between July 1, 2023 and July 1, 2027.
- The vehicle must be acquired for use by the taxpayer, and not for resale.
- The vehicle must be capable of recharge from external source of electricity.
- Has a battery capacity of at least 4.0 kilowatt-hours.
- Has a total purchase price not exceeding $50,000.
Incentive Information
You may be eligible for a one-time excise tax credit, up to $3000.00, when you purchase a qualifying plug-in electric vehicle.
• Restrictions apply, visit program website for details.
• Restrictions apply, visit program website for details.
Maryland High Occupancy Vehicle (HOV) Permit for Plug-in Electric Vehicles
Drivers of plug-in electric vehicles, titled and registered in Maryland, will be allowed to use the HOV lanes in Maryland regardless of the number of passengers, providing they obtain and display an HOV permit on the vehicle.
For a plug- in electric: The vehicle owner(s) must complete the Application for Plug-in Electric Vehicle HOV Permit (form VR-335).
For a plug- in electric: The vehicle owner(s) must complete the Application for Plug-in Electric Vehicle HOV Permit (form VR-335).
- The permit will be valid from May 1, 2023 through September 30, 2025
- Restrictions apply; visit program website for details
Incentive Information
HOV lane access for plug-in electric vehicles regardless of passenger count