Colorado’s EV Tax Credit Reduction: How It Affects EV Buyers and Incentives
On January 1, 2024, Colorado’s electric vehicle tax credit will drop from $5,000 to $3,500, initiating a gradual phase-out set to conclude in 2029. This reduction raises questions about the financial landscape for EV buyers and the broader push for the adoption of EVs in the state. Here’s what you need to know about the…