New Tax Credit for Electric and Plug-In Hybrid Electric Vehicles
You may be eligible for a one-time excise tax credit, up to $1000.00, when you purchase a qualifying plug-in electric vehicle. Effective July 1, 2013 through June 30, 2014, an individual may be entitled to receive an excise tax credit on a qualifying plug-in electric vehicle regardless of whether they own lease the vehicle. Business entities may also qualify for the tax credit on up to ten vehicles.
Credits requests received are processed subject to the availability of funds.
Credit request received are subject to the availability of funding and will be processed in the following amounts:
- Level I Excise Tax Credit – $600.00 - The vehicle battery capacity is not less than 4.0. kilowatt-hours but not more than 10.0 kilowatt-hours.
- Level II Excise Tax Credit - $700.00 - The vehicle battery capacity is not less than 10.1 kilowatt-hours but not more than 15.0 kilowatt-hours.
- Level III Excise Tax Credit - $1,000.00 - The vehicle battery capacity is over 15.0 kilowatt-hours.
If you have purchased a plug-in electric vehicle from a Maryland dealer, the dealer will assist you with completing the proper form for the tax credit. If you purchased a new plug-in electric vehicle from an out of state dealer, or a used plug-in electric vehicle from a previous Maryland owner, you may download the Excise Tax Request for a Plug-in Electric Vehicle (VR-334) form.