Edmunds' EV Buying Guide
Thinking about buying an electric vehicle? Our comprehensive EV Buying Guide can help, no matter what stage of the process you’re at. Find out what you need to know before you buy, including differences between electric vehicle types, understanding range calculations, charging capacities and more.
Electric Vehicle 101
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EV Charging
EV Tax Credits and Incentives
Research EV Tax Credits, Rebates and Other Incentives
Federal Credit
$7,500Maximum RebateUnder the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Clean Vehicle Tax Credit of $3,750 or $7,500 depending on model eligibility for the purchase of a new plug-in electric vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. To be eligible:
- A vehicle must have undergone final assembly in North America (the United States and Puerto Rico, Canada, or Mexico).
- Critical mineral and battery component requirements determine credit amount.
- Maximum MSRP of $55,000 for cars and $80,000 for SUVs/trucks/vans.
- Income eligibility applies depending on modified adjusted gross income (AGI) and tax filing status.
To learn more, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
Lender Offer
$2,000Maximum RebateEligible customer may receive special offer towards HFS lease contracts or HFS Retail Contracts on select vehicles to qualified buyers. The Captive Lease/Finance Offer must be disclosed as Cap Cost Reduction Assistance or Down Payment Assistance on the HFS Contract. Please note that dealer cash is payable to the dealer and not the consumer. Accordingly, dealer cash incentives are taken into consideration when Edmunds determines the True Market Value® of a vehicle, as well as by the dealer when it sets its Edmunds.com Price Promise® offer. These incentives for the dealer are applied independently of any customer incentives the manufacturer may be offering directly to the consumer.Dealer Cash
$1,500Maximum RebateEligible customer may receive special offer. OK Special Lease, Military Appreciation Offer, Honda College Graduate Bonus as specified in dealer bulletins. Please note that dealer cash is payable to the dealer and not the consumer. Accordingly, dealer cash incentives are taken into consideration when Edmunds determines the True Market Value® of a vehicle, as well as by the dealer when it sets its Edmunds.com Price Promise® offer. These incentives for the dealer are applied independently of any customer incentives the manufacturer may be offering directly to the consumer.Utility EV Charger Offer
$1,500Maximum RebatePacifiCorp (OR) offers EV owners a rebate of up to $1,500 towards the installation and cost of a Level 2 charging station.To qualify for this rebate, the customer and/or charging station must meet the following requirements:
- Receive electricity from PacifiCorp (OR).
- Have purchased or leased an electric or plug-in hybrid vehicle.
- Income qualified customers can receive up to $1,500
- Customers will be automatically enrolled in Time of Use program
Additional Information:
EV Videos
Watch Video
Honda Prologue vs. Toyota BZ4X: Electric SUV Comparison Test | Which EV Is Right for You?
Toyota and Honda are generally the first two brands we think of when it comes to dependable, often class-leading vehicles. While both brands were a little late to the EV game, they’ve finally arrived with two midsize electric SUVs: tThe Honda Prologue and the Toyota BZ4X, which is also sold as the Subaru Solterra. In this video, Edmunds’ Clint Simone dives deep into both SUVs to find out if this is a win for Honda or Toyota
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