Electric Vehicle Cash Rebates and Tax Credits

Oregon Clean Vehicle Rebate Program

Oregon DEQ Cash Rebates are coming back! Spring of 2024   (Charge Ahead Rebates for Low to Moderate Income)
Buy a car with little or no money down….even a used one!

NOTE: There is also a Federal TAX CREDIT for those who qualify for purchase of a NEW Electric Vehicle (link).

There are rebates available for NEW, USED, and/or LEASED vehicles, some of which can be combined, depending on household income and type of vehicle. See below for details.

Full Battery Electric (BEV) , plugin hybrid (PHEV) , and electric motorcycle vehicle purchases made in Oregon are eligible to submit an application for a rebate under the Oregon Clean Vehicle Rebate program. This is a cash rebate, not a tax credit.

In addition to Standard rebates, there are Charge Ahead Cash Rebates for Low to Moderate Income individuals with very lenient income guidelines. Individuals who believe they may qualify are encouraged to be pre-qualified so that you can purchase at any pre-authorized dealer.

You have many options of where to purchase or lease your new vehicle, or purchase your used vehicle, even out of state or online options may be included. But it cannot be from a private party.

There are significant funds available for this program, with anticipated funding available for some 4,000 to 7,000 vehicles per year.

Full information is available at the Oregon DEQ Clean Vehicles site to learn the details. 

Background
Key program elements:   PREQUALIFY HERE 
 Vehicles must be purchased or leased during that time; the program will be closed as of June 4, 2024. Applicants have six months from date of purchase or lease to apply for rebates. Once funds are depleted, eligible applicants are put on a waitlist for 2025. Low- and moderate-income households can prequalify for the $5,000 Charge Ahead rebate by completing the application.

 

Helpful links:

Where to find and finance used cars: (note, listing does not connote a recommendation)

NOTE: if you are concerned about your credit rating for financing, once rebates and down payment reach 40 to 50% of value, you may have success with the lenders below)

Platt Auto Group has sales staff who are members of the Oregon Electric Vehicle Association who are knowledgeable about electric vehicles. They are in Milwaukee, Oregon.

Selco Credit Union

Puget Sound Consumers Credit Union

Beneficial Bank

 

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