Did you know that auto analysts project that plug-in vehicle sales will rise from 6.6 million in 2021 to 20.6 million in 2025? Plug-in vehicles are predicted to make up 23% of new passenger vehicle sales globally in 2025, up from just under 10% in 2021. Three-quarters of those will be fully electric.
Electric transportation is here to stay. With more and more electric vehicles (EVs) of all shapes and sizes hitting the U.S., people are recognizing their benefits and taking advantage of all they have to offer. Nearly all auto manufacturers currently sell or plan to sell electric models. Once in an EV, owners will experience fuel and maintenance savings, increased driving performance, and enjoy environmental and energy security benefits.
Have you recently purchased an EV or are you considering it? Please let us know so we can better serve you. You might be eligible for a small OEC rebate if you buy one (see below). As more of our members buy EVs, we need to know where they are located in our area so we can ensure that we have the necessary infrastructure in place to meet your charging needs while also providing reliable power to our local homes and businesses.
Tax Credits and Rebates
Otsego Electric Cooperative Rebate:
If you feel you qualify for our rebate, please fill out the form below and submit it! We will review and apply the proper credit to your account.
New York State Incentives:
Open to all New York State residents, the Charge NY Initiative offers a Drive Clean Rebate on new car purchases or leases. To learn more visit:
https://www.nyserda.ny.gov/drive-clean-rebate
Federal Incentives:
The Federal Plug-In Electric Vehicle Credit provides up to $7,500 in tax credit toward the purchase or lease of an Electric Vehicle. To learn more visit:
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
Additional Helpful Websites:
https://pluginamerica.org/learn/federal-ev-tax-credits/2023-2/
