Plug-In Electric Vehicle (PEV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit

Qualified PEV and FCEV purchasers may apply for a tax credit against the imposed excise tax, 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. Vehicles must be registered in Maryland, unless the vehicle manufacturer conforms to applicable state or federal laws or regulations governing PEVs or FCEVs during the year in which the vehicle was purchased, or the vehicle was originally registered in another state. 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 five 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.

The credit is returned to the taxpayer in the form of a check from the state. Applications have exceeded the 2019 Fiscal Year program funding, but will still be accepted and placed on a waitlist (verified April 2019). For more information, including the request form, see the Maryland Department of Transportation Motor Vehicle Administration's Excise Tax Credit for PEVs website.

(Reference House Bill 1246, 2019, and Maryland Statutes, Transportation Code 13-815)