Incentives

Resources

Incentives & Programs

Incentives

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Transportation Electrification

EV & Infrastructure Incentives & Programs

VEHICLE GRANTS, REBATES & LOANS

Electric Vehicle Programs


Inflation Reduction Act (IRA)

IRS TAX CREDIT INFO

  • Site for Tax Credits (EV programs have vehicle price, income, and Buy America qualifications)  LINK
  • Tax Credits for New Clean Vehicles Purchased after 2022 (<14,000 lbs., up to $7,500/EV) LINK
  • Tax Credits for New Clean Vehicles Purchased in 2022 or before. LINK
  • IRS Tax Credit for Pre-owned EVs Purchased after 2022 (<14,000 lbs., up to $4,000/EV) LINK

 

OTHER PROGRAMS

  • Illinois EV Rebate for new EVs, $4,000 when purchasing, November 1, 2023 to January 31, 2024 : see LINK AFTER OCTOBER 18, 2023
  • Qualified Commercial Clean Vehicle Credit (new vehicles, >14,000 lbs. up to $40,000/EV): LINK
  • Alternative Fuel Data Center: List of EVs with Final Assembly in North America regarding Buy America requirements: LINK
  • Climate and Equitable Jobs Act, Illinois EV Rebate Program (up to $4,000/EV) LINK  
  • Beneficial Electrification programs from ComEd will provide rebates on Electric Vehicles starting in 2024.

US CHARGING INFRASTRUCTURE PROGRAMS

National Electric Vehicle Infrastructure (NEVI) Program


For designated Interstate EV charging. 80% of total installed cost. Requires four 150 kW Level 3 EVSEs, within 1 mile of corridor.  Must be on designated Alt Fuel Corridor (see below).

  • NEVI Guidelines: LINK
  • Federal Highway Administration (FHWA) NEVI site: LINK


Charging and Fueling Infrastructure (CFI) Program for Alternative Fuel Corridors, Communities and Rural Areas


80% of total installed cost to support alt fuel corridors and other sites supporting communities:

  • CFI Site LINK
  • CFI: Notice of Funding Opportunity - 80% for Community Programs -urban, suburban, rural/ multi-modal hubs and fleets projects and Alt Fuel Corridor Programs (3/14/2023): LINK

Ferry Programs


  • Federal Transit Administration (FTA) Ferries and Infrastructure Programs LINK

Bus & Bus Facilities Programs


  • Federal Transit Administration (FTA) US DOT Grants for Buses and Bus Facilities Program:  LINK
  • Federal Transit Administration (FTA) Low or No Emission Vehicle Program LINK

Rural Programs


  • USDA Community Facilities Direct Loan & Grant Program: Population < 20,000 people, funding can be used for improving facilities and EV charging:  LINK
  • USDA EV Infrastructure Planning Support for Rural Community Facilities: LINK
  • US Department of Transportation and USDA - Rebuilding American Infrastructure with Sustainability and Equity, or RAISE Discretionary Grant programs. Provides a unique opportunity for the US DOT to invest in road, rail, transit and port projects that promise to achieve national objectives: LINK
  • Charging and Fueling Infrastructure (CFI) Program for Alternative Fuel Corridors, for Rural Areas:
  • CFI Site: LINK
  • CFI Notice of Funding Opportunity up to 80% for Rural projects and Alternate Fuel Corridor programs (3/14/2023, May 30, 2023): LINK

IRS (Federal)


  • Clean Vehicle Property Forms and Instructions Search LINK
  • Alternative Fuel Vehicle Refueling Property Tax Credit LINK

State/Municipal


  • Illinois EPA, Illinois EV Charging Rebates - up to 80% of make ready infrastructure – To be announced (early 2023)
  • Beneficial Electrification programs from ComEd will provide rebates on Electric Vehicle infrastructure starting in 2024
  • City of Naperville EV Charging Station Rebate (up to $700 for Level 2 or $500 for Level 3): LINK

KEY LEGISLATION

Key Legislative Text and Guides


Inflation Reduction Act

  • Full text of IRA (HR 5376): LINK
  • Inflation Reduction Guidebook LINK

Bipartisan Infrastructure Act (BIL)

  • Full text of BIL (HR 3684): LINK
  • Fact Sheets for BIL / FHWA: LINK
  • AFDC Summary of BIL:  LINK

Illinois Climate and Equitable Jobs Act (CEJA) 

  • Full text of CEJA (SB 2408): LINK
  • Citizens Utility Board (CUB) explains CEJA: LINK

General Incentives & Law Resources Search Tools


  • Search AFDC Federal and State laws and incentives LINK
  • Search Database of State Incentives for Renewables and Efficiency (DSIRE):  LINK
  • Search US Department of Transportation Federal Funding Programs: LINK

RELATED PROGRAMS

Alternative Fuel Corridor Designation Program


  • The US Federal Highway Administration manages the program to designate federal roads as Alternative Fuel Corridors, either EV Ready or EV Pending.  These designations are requirements of the NEVI and CFI programs (above).   LINK
  • ComEd provides excellent resources to help educate the public on the vehicles and the charging, including ROIs, incentives, how to find EVs and chargers to buy and to EV charger to use when traveling, and more.    LINK

Drive Electric Illinois (Illinois Dept. Transportation)


  • List of programs for transportation electrification in Illinois LINK

Advanced Technology Vehicles Manufacturing Loan Program


  • Loans to support the manufacture of eligible vehicles and qualifying components under the Advanced Technology Vehicles Manufacturing Loan Program (ATVM).  LINK

Illinois Department of Commerce and Economic Opportunity (DCEO) and CEJA


  • DCEO Information on implementation of the Climate and Equitable Jobs Act (CEJA). CEJA is comprehensive energy legislation that incentivizes clean energy development (above). LINK
  • DCEO Workforce Programs LINK
  • Reimagining Electric Vehicles (REV) in Illinois Act: LINK


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