Electric Vehicle Offers & Information

Potomac Edison is offering residential EV drivers incentives to charge during off-peak hours. In the EV Only TOU Rate program, residential customers can save 2¢ per kilowatt-hour (kWh) by using their smart EV chargers between 11 p.m. and 6 a.m. and on holidays and weekends. Off-peak weekend hours start at 11 p.m. each Friday and end at 6 a.m. each Monday. In order to enroll, you must have an eligible charger.

Through the EV Driven program, multifamily property owners can get a rebate for 50% of the cost to purchase/lease and install qualified smart Level 2 and DC Fast Charging stations, up to $20,000.

A federal tax credit is available for new and used electric vehicles that meet requirements specified in Internal Revenue Code Section 30D.

New Vehicle Clean Credit up to $7,500.
You may qualify for a credit up to $7,500 if you buy a new, qualified plug-in EV. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Information about new vehicles purchased in 2022 and before or for vehicles purchased in 2023 and after.

Used Vehicle Clean Credit up to $4,000.
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Additional Details.

The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.

Starting in January 2024, an Inflation Reduction Act provision allows consumers to transfer the tax credit to car dealers, reducing the purchase price of eligible new and used vehicles at the time of sale.

Consumers who purchase qualified residential charging equipment may receive a tax credit of 30% of the cost, up to $1,000.

MEA is working with Marylanders to expand the State's growing electric vehicle recharging infrastructure through the Electric Vehicle Supply Equipment Rebate Program 2.0.

Through the program, residents, governments and businesses can acquire a state rebate for purchasing or installing an electric vehicle charging station, known as Electric Vehicle Supply Equipment (EVSE). In order to receive these rebates, eligible participants must apply with MEA, which will issue rebates on a first-c​ome, first-served basis.

Program details: You may be eligible for a one-time excise tax credit, up to $3000.00, when you purchase a qualifying plug-in electric vehicle. Effective July 1, 2023 through July 1, 2027, an individual may be entitled to receive an excise tax credit on a qualifying plug-in electric vehicle regardless of whether they own or lease the vehicle. Business entities may also qualify for the tax credit on up to ten vehicles.

Drivers of plug-in electric vehicles, titled and registered in Maryland, will be allowed to use the HOV lanes in Maryland regardless of the number of passengers, providing they obtain and display an HOV permit on the vehicle.

For a plug- in electric: The vehicle owner(s) must complete the Application for Plug-in Electric Vehicle HOV Permit (form VR-335).