Zero Emission Vehicle Tax Credits

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Questions about the Colorado Electric Vehicle Tax Credit? Contact the Colorado Department of Revenue at 303.238.7378.

Tax credits are available in Colorado for the purchase or lease of electric vehicles and plug-in hybrid electric vehicles. Examples of electric vehicles include: Chevy Bolt, Chevy Bolt EUV, Tesla Model 3, Kia Niro EV, Nissan LEAF, Hyundai Kona EV, Audi e-tron, Rivian R1T, Porsche Taycan, and Jaguar I-Pace amongst others. Examples of plug-in hybrid electric vehicles include: Mitsubishi Outlander PHEV, Toyota Prius Prime, Toyota RAV-4 Prime, Volvo XC60 PHEV, BMW 330e, Chrysler Pacifica PHEV, Ford Fusion Energi, Honda Clarity PHEV, and Subaru Crosstrek PHEV amongst others. 

 FYI Income 69 answers the following FAQs about the EV Tax Credit

Information on tax credits for all alternative fuel types

Tax credits are available in Colorado for the purchase, lease and conversion of light, medium and heavy duty alternative fueled vehicles (electric/EV, plug-in hybrid or PHEV, compressed natural or CNG, liquefied natural gas or LNG, liquefied petroleum gas or LPG, and hydrogen.) These credits were simplified effective Jan. 1, 2017. No credit is allowed for the purchase or lease of a used vehicle made on or after Jan. 1, 2017.

Information on credits available for motor vehicles that operate on CNG, LNG, LPG or hydrogen, and for information about the innovative truck credit for tax years commencing prior to Jan. 1, 2017: FYI Income 68.

Information on credits for purchase, lease, or conversion of motor vehicles that are EVs, PHEV, or that are run on CNG, LNG, LPG, or hydrogen or for idling reduction and aerodynamic technologies, clean fuel refrigerated trailers, and hydraulic hybrid conversions for tax years beginning on or after Jan. 1, 2017, but prior to Jan. 1, 2022: FYI Income 69.

Information for dealers and finance companies on how to submit an Innovative Motor Vehicle Tax Credit