Operational Excellence
December 8, 2020

Hurry, Colorado electric vehicle tax credits decline January 1

Various rebate and incenitve options continue in 2021

Colorado is reducing its current $4,000 tax credit to $2,500 effective January 1st, 2021. So, there’s still time to check new EV off the holiday wish list! See which EV model may be the best fit for your needs and lifestyle.

Rebates available

Xcel Energy customers are also eligible for exclusive rebates from auto manufacturers and our qualified dealer partners on several EV models. There are some great year-end offers. See what rebates are available to you. 

Colorado is EV strong!

Over the last few years, the centennial state had the nation’s fourth-largest rate of EV sales compared to all vehicles, according to the Auto Alliance records. Also, the number of registered EVs increased by 500% in five years to 25,516 as of January 2020.

Don't forget about federal tax credits

Federal tax credits of up to $7,500 are still available for most EVs.

Learn more about electric vehicles, incentives, rebates, and how we can help you get charged up at home.