If you're a Maryland shopper considering an electric vehicle (EV), there are some generous incentives available to help make the switch. Both the federal government and the state of Maryland offer tax credits and rebates for purchasing an EV or plug-in hybrid. These incentives can save you thousands of dollars while helping reduce emissions for a greener planet.
At the federal level, you may qualify for a tax credit of up to $7,500 when you purchase a new electric vehicle. The exact credit amount varies based on the EV's battery capacity.
The state of Maryland also has several incentives for EV buyers. Residents of Baltimore and the surrounding areas can get an excise tax credit of up to $3,000 for purchasing a new EV or plug-in hybrid. Maryland shoppers may also qualify for a rebate of up to $700 for installing a Level 2 EV charging station in their home.
At Jones Bel Air Hyundai, we have a broad selection of new hybrid Hyundai models to choose from. One of the most exciting new EVs is the new Hyundai IONIQ 5. This stylish electric SUV has an impressive range of up to 318 miles and innovative features. With available all-wheel drive and the ability to tow up to 5,834 pounds, the IONIQ 5 is ready for all your adventures around Bel Air, MD.
For those a bit farther north in Havre de Grace, the EV incentives make it a great time to go electric. Imagine being able to skip the gas stations as you commute down I-95 into Baltimore. With an EV, you can simply charge up at home and wake up to a "full tank" every morning.
If you're a Maryland resident considering an electric vehicle, be sure to take advantage of the federal and state incentives available. Combine those savings with the fuel cost savings of driving an EV and going electric starts to look like a smart financial choice in addition to an environmentally friendly one.
Visit Jones Bel Air Hyundai today to view our selection of hybrid and electric Hyundais and learn more about the incentives you may qualify for. Our well-informed sales team is happy to answer any questions you may have about making the switch to an electrified vehicle.
