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There are many federal and state tax incentives, as well as state grants, vouchers and rebates, for the purchase of plug-in electric vehicles and electric vehicle supply equipment.
Federal Incentives
Learn more about: Electric Vehicle Supply Equipment | Electric Vehicles | Fuel Cell Electric Vehicles
Maryland State Incentives
Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit
Beginning July 1, 2023, qualified EV and FCEV purchasers may apply for an excise tax credit of up to $3,000. The tax credit is first-come, first-served, and is limited to one vehicle per individual and 10 vehicles per business entity. Qualified vehicles must meet the following criteria:
- Have a base purchase price not exceeding $50,000;
- Be propelled to a significant extent by an electric motor that draws electricity from a battery with a capacity of at least 4 kilowatt-hours;
- Have not been modified from original manufacturer specifications; and
- Be purchased and titled for the first time between July 1, 2023, and June 30, 2027.
Additional restrictions apply. Learn more at the Motor Vehicle Administration’s website!
(Reference Maryland Statutes, Transportation Code 13-815 and House Bill 1391, 2022)
Electric Vehicle (EV) Charging Station Rebate Program
The Maryland Energy Administration (MEA) offers a rebate to individuals, businesses, or state or local government entities for the costs of acquiring and installing qualified EV charging stations. The rebate may cover 50% of the costs of acquiring and installing qualified EVSE, or up to the following amounts:
| Qualified Entity | Amount per EV Charging Station |
|---|---|
| Residential | $700 |
| Businesses, Nonprofits, Workplaces, Multi-Unit Dwellings, and State or Local Government Entities | $5,000 |
Applicants must demonstrate compliance with state, local, and/or federal law that applies to the installation or operation of qualified EV charging station. Other requirements may apply. MEA may award up to $2,500,000 total. Each entity that applies for a commercial rebate may receive up to $125,000 per fiscal year. Rebates will be awarded on a first-come, first-served basis.
For more information, see the MEA EVSE Rebate Program website.
(Reference Maryland Statutes, State Government Code 9-2009, Maryland Statutes, Business Regulation Code 10-101, and House Bill 550,2023)
Electric Vehicle (EV) High Occupancy Vehicle (HOV) Lane Permit
EV Owners may obtain a permit from the Maryland Department of Transportation Motor Vehicle Administration (MDOT MVA) to use HOV lanes, regardless of the number of passengers in the vehicle. Customers can order a sticker for a fee of $5 through their myMVA account here. Permits also will be issued at all MVA branch offices, licensed dealerships and Tag & Title agencies. Each year the MDOT MVA and the State Highway Administration must report EV HOV lane use to the governor. This act shall remain effective through September 30, 2025. For more information, see the HOV Permit Issuance for EVs website.
Electric Vehicle Emissions Inspection Exemption
Vehicles powered exclusively by electricity are exempt from state emissions inspections. For more information, see the Maryland Vehicle Emissions Inspection Program website.
(Reference Maryland Statutes, Transportation Code 23-206 and 23-206.4)
Hear an interview about how a Maryland business took advantage of incentives to install electric vehicle charging stations:
Learn more about: Electric Vehicle Supply Equipment | Electric Vehicles | Fuel Cell Electric Vehicles
Maryland Utility Incentives
SMECO EV Recharge – SMECO
Members of Southern Maryland Electric Cooperative’s SMECO EV Recharge program can optimize home charging and earn up to $120 by choosing one of several tailored solutions that align with individual needs. Programs include Managed Charging, which offers EV drivers control of their charging and an automatic annual incentive paid as a $10 credit each month; Charging Data Access, which offers an annual $50 credit to EV drivers willing to share their charging data to help enhance SMECO’s understanding of EV charging patterns; and Off-peak Savings, designed for EV drivers who want more control over their own charging schedules and are open to charging within specific time frames. For detailed SMECO EV Recharge information and enrollment, visit the SMECO website.
Learn more about: Electric Vehicle Supply Equipment | Electric Vehicles | Fuel Cell Electric Vehicles
