Diesel-Electric Hybrid Vehicle Tax Credit

Expired: 01/01/2017

Diesel-electric hybrid vehicles that are titled and registered in Colorado are eligible for a tax credit. Light-duty diesel electric hybrid passenger vehicles with a minimum fuel economy of 70 miles per gallon are eligible for a credit of 15% of the difference of the actual cost of purchasing or leasing the vehicle and purchasing or leasing the same or most similar traditional fuel vehicle.

Light-duty passenger vehicles, light-duty trucks, or medium-duty diesel-electric truck conversions that increases the original fuel economy by at least 40% are eligible for a tax credit equal to 25% of the actual cost of the conversion.

These tax credits expire January 1, 2017.

(Reference House Bill 16-1332, 2016, and Colorado Revised Statutes 39-22-516.5, 39-22-516.7, and 39-22-516.8)