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Colorado officially approves $5,000 tax credit for electric vehicles – up to $12,500 with federal incentive

Colorado-Electric-Car-tax-credit

Colorado official passed its bill HB 1332 to update its electric vehicle incentive program. The legislation now gives electric vehicle buyers in Colorado a $5,000 tax credit which can be immediately realized at purchase through a dealer incentive.

It’s a significant improvement over the state’s previous program, which was already generous, but nowhere near as straightforward and efficient as it is now.
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