Plug-In Electric Vehicle (PEV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit
Qualified PEV and FCEV purchasers may apply for an excise tax credit of up to $3,000. The tax credit is first-come, first-served, and is limited to one vehicle per individual and 10 vehicles per business entity. A qualified vehicle must meet the following criteria:
- Have a total purchase price not exceeding $63,000;
- Be propelled to a significant extent by an electric motor that draws electricity from a battery with a capacity of at least 5 kilowatt-hours;
- Have not been modified from original manufacturer specifications; and
- Be purchased and titled for the first time between July 1, 2017, and July 1, 2020.
Funding is not currently available for this incentive, but applicants may continue to submit applications (verified April 2020). Additional restrictions apply. For more information, including the request form, see the Maryland Department of Transportation Motor Vehicle Administration's Excise Tax Credit for PEVs website.(Reference Maryland Statutes, Transportation Code 13-815)