U.S. Department of Energy | Office of Energy Efficiency and Renewable Energy U.S. Department of Energy Office of Energy Efficiency and Renewable Energy

Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit

Beginning July 1, 2023, qualified EV 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. Qualified vehicles must meet the following criteria:

  • Have a total purchase price not exceeding $50,000;
  • Be propelled to a significant extent by an electric motor that draws electricity from a battery with a capacity of at least 4 kilowatt-hours;
  • Have not been modified from original manufacturer specifications; and
  • Be purchased and titled for the first time between July 1, 2023, and July 1, 2027.

Additional restrictions apply.

(Reference Maryland Statutes, Transportation Code 13-815)

Jurisdiction: Maryland

Type: State Incentives

Enacted: May 20, 2010

Amended: Apr 21, 2022

Technologies: EVs, PHEVs

See all Maryland Laws and Incentives.