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Incentives · November 2026

Colorado EV incentives and costs

Colorado has 1 open EV program on our list. At 17.17¢/kWh, 100 miles costs about $5.15 at home, vs. $14.33 of gas in a 30 mpg car.

Last checked October 30, 2026. Programs open and close without notice; confirm on the official page.

State programs

Innovative Motor Vehicle Credit

$750 in 2026, plus $2,500 if MSRP under $35,000 (total $3,250) · Open

State income tax credit, purchase or lease; lease at least 2 years, credit goes to lessee and can be assigned to dealer or financer. MSRP cap $80,000. No income cap mentioned. 2027 amount not set.

Official page (opens in a new tab)

Vehicle Exchange Colorado (VXC)

$9,000 new; $6,000 used · Status not confirmed

Income under about 80% AMI or assistance program; trade in a vehicle 12+ model years old or failing emissions; at participating dealers.

Official page (opens in a new tab)

Taxes, fees and energy

State sales tax2.9%
Average with local tax7.89%
Lease taxCharged on each monthly payment, at your local rate.
Yearly EV fee$96
Home electricity17.17¢/kWh
Regular gas$4.30/gal

Tax rules change and local rates differ. Ask the dealer to show the tax on your contract.

Run a lease in Colorado · Charging cost

Common questions

Does Colorado have an EV rebate?

We track Innovative Motor Vehicle Credit (Open); Vehicle Exchange Colorado (VXC) (status not confirmed). Check the official page before you count on one, since funding changes.

How is an EV lease taxed in Colorado?

Charged on each monthly payment, at your local rate.

Does Colorado charge a yearly EV fee?

Yes, $96 a year on top of regular registration.

Is charging at home cheaper than gas in Colorado?

At 17.17¢/kWh, 100 miles costs about $5.15 at home, vs. $14.33 of gas in a 30 mpg car.

Estimate a lease in Colorado