Are you considering making the switch to an electric vehicle (EV) in Delaware? If so, you’re in luck! Delaware is committed to supporting clean transportation and reducing emissions, and one of the key initiatives is the Clean Vehicle Rebate Program. This program offers significant financial incentives to Delaware residents and businesses who purchase or lease new or used battery electric or plug-in hybrid vehicles. If you’re wondering what program to plug into to save money on your EV purchase, look no further than the Delaware Clean Vehicle Rebate Program.
This program isn’t just about saving money; it’s about driving Delaware towards a greener future. By encouraging the adoption of electric vehicles, Delaware aims to reduce greenhouse gases and improve air quality across the state. The Clean Vehicle Rebate is a straightforward cash rebate, not a tax credit, making it directly beneficial at the point of purchase or lease. Remember, to take advantage of this opportunity, applications must be submitted within 90 days of the vehicle purchase date.
For the most up-to-date details and comprehensive instructions on how to apply, you can visit driveelectricdelaware.org. You’ll also find a list of eligible vehicles at driveelectricdelaware.org/eligible-vehicles, helping you determine which EVs qualify for the rebate. For those interested in the program’s impact, data on past rebates is available on the Delaware Open Data Portal at data.delaware.gov/Energy-and-Environment/State-Rebates-for-Alternative-Fuel-Vehicles/8z8z-di7f.
Understanding the Rebate Amounts
The Delaware Clean Vehicle Rebate Program offers varying rebate amounts based on the type of vehicle and its price. As of May 1, 2024, the rebate structure is as follows:
| Type of Vehicle/Vehicle Technology | Rebate |
|---|---|
| New Battery Electric Vehicles with a base MSRP below $40,000 | $2,500 |
| New Battery Electric Vehicles with a base MSRP between $40,000 and $50,000 | $1,500 |
| New Plug-in Hybrid Vehicles with a base MSRP below $50,000 | $1,000 |
| Used Battery Electric Vehicle with a fair market purchase price of $40,000 or less | $2,500 |
| Used Plug-in Hybrid Vehicles with a fair market purchase price $40,000 or less | $1,000 |
| Note: Fair market value as determined by Kelley Blue Book. |
Delaware Department of Natural Resources and Environmental Control (DNREC) logo, representing the source of the Clean Vehicle Rebate Program.
It’s important to note the MSRP (Manufacturer’s Suggested Retail Price) thresholds for new vehicles and the fair market purchase price limits for used vehicles to determine the specific rebate amount you can receive. These rebates make electric vehicles more accessible and affordable for a wider range of consumers in Delaware.
Applying for Your Clean Vehicle Rebate
The application process is designed to be straightforward, with options for individuals and those purchasing through participating dealerships.
Applying as an Individual: Step-by-Step
For individuals applying directly for the rebate, there are a few key steps to follow:
Step One: Register as a Supplier
First, you’ll need to register as a “supplier” with the State of Delaware through the Division of Accounting eSupplier Portal: accounting.delaware.gov/suppliers/. Detailed guidance is available in the New Supplier Registration Guide, and for visual learners, an instructional video is also available. Ensuring accurate registration is crucial for smooth rebate processing. For any supplier ID related questions, you can contact the Supplier Maintenance Team at 302-526-5600.
Step Two: Submit Your Rebate Application
Once your supplier registration is approved and you have your Supplier ID, you can proceed to apply for the rebate through the application portal at driveelectricdelaware.org.
Step Three: Receive Your Rebate
After submitting your application, please allow 8 to 10 weeks for processing and to receive your rebate.
Applying Through a Participating Dealer: A Simpler Route
For an even more convenient process, consider purchasing or leasing your electric vehicle from a participating dealer. Participating dealers will handle the rebate application process for you, directly incorporating the rebate amount into your purchase or lease agreement. Dealers are required to provide documentation showing the rebate application. This option simplifies the process and provides immediate savings on your electric vehicle.
Important Tax Considerations
It’s important to be aware that the Clean Vehicle Rebate may be considered taxable income by both the U.S. Internal Revenue Service and the Delaware Department of Revenue. Recipients are solely responsible for understanding and addressing any potential tax implications. Consulting with a professional tax advisor is recommended to determine the specific tax consequences of receiving this rebate.
By taking advantage of the Delaware Clean Vehicle Rebate Program, you’re not only making a smart financial decision but also contributing to a cleaner, healthier environment in Delaware. It’s a win-win situation for you and the state! For any program inquiries or assistance, you can reach out to [email protected] or call 866-208-3198. For all other questions, contact [email protected] or call 302-735-3480.
