Colorado has revamped its EV tax credit, with a new approach that incentivizes cheaper EVs. HB 1272, which was passed by the Colorado legislature and signed by governor Jared Polis in May, re-ups a tax credit for light-duty electric vehicles that was originally $5,000. As originally enacted, it dropped to $4,000 in 2020, $3,500 in 2021, and $2,000... Colorado’s revamped credit incentivizes smaller, cheaper EVs
Colorado has revamped its EV tax credit, with a new approach that incentivizes cheaper EVs. HB 1272, which was passed by the Colorado legislature and signed by governor Jared Polis in May, re-ups a tax credit for light-duty electric vehicles that was originally $5,000. As originally enacted, it dropped to $4,000 in 2020, $3,500 in 2021, and $2,000...