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10 States That May Pay You Big Money to Buy an Electric Car

Bay Area Plans Major Expansion Of Electric Vehicle Charging Stations

Bay Area Plans Major Expansion Of Electric Vehicle Charging Stations Electric vehicle incentives that slash the upfront cost of green cars are available across the US | Justin Sullivan/Getty Images

What does an electric vehicle actually cost? Most people are aware of the zero gasoline costs when you charge a car rather than fill up the gas tank. However, things get more complicated when surveying available federal and state incentives, usually in the form of tax credits.

With the changes happening in state legislatures around the country, the situation is getting more confusing by the day. We start with what is known: the federal tax credit. For pure electric vehicles (EVs), the credit if $7,500 and claimed when you file taxes the following year. As for plug-in hybrid electric vehicles (PHEVs), the credit ranges from $2,500 cars like Prius plug-in to $5,335 for the Porsche Cayenne S E-Hybrid and $7,500 for the Chevrolet Volt and BMW i3 with range extender.

These incentives are a great start for auto consumers, but they get even better in many U.S. states. As of September 2016, here are the 10 U.S. states offering the most generous incentives for EVs on top of the federal tax credit.

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