Claim EV Tax Credits at Toyota of Colorado Springs
In an effort to make your transition to a new electric vehicle even smoother, we’re excited to introduce you to the Innovative Motor Vehicle Credit for EVs, available at Toyota of Colorado Springs. If you want to benefit from Colorado's generous EV tax credits, make your way to our Toyota dealership near Denver today.
Our team will show you a list of eligible Toyota EVs and plug-in hybrids that will not only transform your time on the road and lower your impact on the environment but will also provide you with considerable savings now and long-term!
What Is the Colorado EV Tax Credit?
According to the Colorado Energy Office, taxpayers are eligible for a state tax credit of $5,000 for the purchase or lease of a new electric vehicle on or after July 1, 2023, as long as the vehicle has an MSRP under $80,000.1 Lease agreements must have an initial term of at least two years.
In addition, starting January 1, 2024, Colorado residents who purchase an EV with an MSRP up to $35,000 will be eligible for an extra $2,500 tax credit.1 These incentives are a fantastic opportunity to embrace clean energy, reduce your carbon footprint and save money all at once.
Save on a New Toyota EV Near Denver, CO
At Toyota of Colorado Springs, we maintain a wide selection of new Toyota electric vehicles and plug-in hybrids that qualify for this tax credit. Whether you're drawn to the new Prius Prime, RAV4 Prime or all-electric Toyota bZ4X nearby, our team of knowledgeable experts will help find the perfect match for your driving needs.
Navigating the process of securing your tax credit may seem daunting, but with our Toyota financing professionals on your side, we can guide you through every step and help explain all the fine details.
Colorado Electric Car Dealerships Near Me
Colorado is leading the path toward a sustainable future by offering enticing EV incentives to interested buyers. Save substantially through available tax credits when you switch to an electric vehicle at our local Toyota dealer.
We have all the necessary information and resources to ensure you make the most of these benefits, so contact Toyota of Colorado Springs and let's take a step toward a cleaner, greener Colorado.
1 Information accurate at time of publication. See dealer for details.