Electric Vehicle Tax Credit

December 09, 2021

Summary

H.B 2234, enacted in April 2021, created a 3¢/kWh tax on electric vehicle charging at public, for-profit charging stations. The tax will go into action on January 1, 2024. For taxable years beginning after December 31, 2023, electric vehicle owners can apply for a tax credit against these charges. The maximum amount of credit is equal to the registration fees for the electric vehicle(s) paid during the same tax year: $100 for fully electric vehicles and $30 for hybrid vehicles. If a taxpayer's tax liability is less than the amount of credit due, the excess credit may be carried forward for up to 5 years.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Oklahoma
Incentive Type:	Personal Tax Credit
Web Site:
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Passenger Electric Vehicles Plug-in Electric Hybrid Vehicles Neighborhood Electric Vehicles Medium-Duty Electric Vehicles Heavy-Duty Electric Vehicles
Maximum Incentive:	Up to the amount of registration fees for the electric vehicle(s) in question
Carryover Provisions:	Excess credits may be carried forward for up to 5 years

Incentives

This program has 2 incentives

Technologies:	Passenger Electric Vehicles, Neighborhood Electric Vehicles, Medium-Duty Electric Vehicles, Heavy-Duty Electric Vehicles
Sectors:
Parameters:	The incentive has a minimum of $100.00

Technologies:	Plug-in Electric Hybrid Vehicles
Sectors:
Parameters:	The incentive has a minimum of $30.00

Authorities

Name:	H.B. 2234
Date Enacted:	04/22/2021
Effective Date:	01/01/2024

Name:	Statute 68-6510
Date Enacted:	11/01/2021
Effective Date:	01/01/2024

Name:

Statute 68-6504

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.