New CO electric vehicle tax credit kicks in 2024

EV charging spot

In addition to the already existing $5,000 tax credit for most electric vehicles (EVs), Coloradans can now save an additional $2,500 on eligible EVs with an an MSRP of $35,000 or less, beginning January 1, 2024. EVs are are cleaner to drive and cheaper to fuel and operate than gas-powered vehicles. Colorado’s tax credits are some of the most generous credits in the country.   Read more on other laws coming into effect in 2024

Alexandra Simon

Former Public Health Advocate, CoPIRG Foundation


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