Funding Depleted – But File an Application Anyway
New:
2021 Maryland Legislation Includes EV Tax Credit Bill
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Don’t count on the $3,000 Maryland EV tax credit if you buy an electric car right now. Funding for the program is exhausted and no further funding is currently authorized. However, you should still submit the form to reserve your place in line in case funding is approved in the future.
Go to the MVA website for the current status of the Maryland EV Tax Credit program and do your due diligence before making a purchase.
The Clean Cars Act of 2017, signed into law by Governor Larry Hogan, authorized an excise tax credit on plug-in electric cars for three years, from July 1, 2017 to June 30, 2020.
Funds for the Maryland excise tax credit usually run out early each fiscal year. Applicants are then put on a wait list until the next round of funding is released. Filling the backlog means that each year’s funding runs out sooner than the last.
In September, 2016 the money ran out barely two months into fiscal year 2017. The Maryland MVA sent out a bulletin advising auto dealers to alert customers that funds were depleted and the program had ended.
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