Federal Tax Credit for Vehicles: Use the federal government’s federal tax credit tool to learn about the credit amount available for various electric vehicle makes and models. The maximum credit is $7,500 for new vehicles and up to $4,000 for used vehicles.

New and Used Clean Vehicle Tax Credits, Energy Saver webpage: The Department of Energy describes the new and previously owned clean vehicle tax credits. The page includes a checklist to determine if a vehicle is eligible for either credit. You may also want to contact a tax professional.

Illinois EV Rebate Program: When funding is available, residents may apply for a $4,000 rebate on a new or used all-electric vehicle. Purchasers must apply for the rebate during an open rebate cycle and within 90 days of vehicle purchase.

Federal Tax Credit for EV Charging Equipment: Residents who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000. Find out more online, or consult a tax professional.

For other updates on incentives, please visit the U.S. Department of Energy Alternative Fuels Data Center - Illinois Laws and Incentives.