Maximize Colorado EV Tax Incentives at Phil Long Kia

Elevate your drive and your savings with an electric vehicle (EV) from Phil Long Kia. Colorado's substantial EV tax credits make it the perfect time to invest in the future of automotive technology. Our extensive selection of cutting-edge EVs caters to diverse needs and preferences, ensuring you find the ideal vehicle for your lifestyle. Our experienced team is dedicated to helping you navigate available incentives, maximizing your financial advantages. Embrace sustainability, performance, and unmatched value with an EV from Phil Long Kia. Contact us today to embark on a personalized EV journey.

Shop For an EV with Phil Long Kia

As a Colorado taxpayer, you can take advantage of substantial state tax credits when you buy or lease an electric vehicle (EV). The current Colorado EV tax credit offers a generous $5,000 for the purchase or lease of a new EV with a manufacturer's suggested retail price (MSRP) up to $80,000. For EVs with an MSRP under $35,000, you can receive an additional tax credit of $2,500. Plus, if you qualify, you can benefit from the federal EV tax credit, which provides up to an additional $7,500 in savings. Invest in an electric vehicle today and enjoy significant financial incentives!
The Vehicle Exchange Colorado (VXC) program helps income-qualified Coloradans recycle and replace their old or high-emitting vehicles with electric vehicles. The VXC rebate will partially cover the upfront cost of the EV at the time of purchase or lease from an authorized automobile dealer. VXC participants can receive a rebate of $6,000 towards a new Battery Electric Vehicle (BEV) or Plug-in Hybrid Electric Vehicle (PHEV) with a manufacturer's suggested retail price (MSRP) or purchase price of $80,000 or less. Participants can receive $4,000 towards a used BEV or PHEV with a final negotiated purchase price of $50,000 or less.
Combining the Federal Tax Incentive + Colorado State Tax Incentive + VXC = Up to $18,500 in rebates!

One of the significant savings for electric vehicle (EV) drivers comes from the reduced cost of charging compared to gasoline. In Colorado, with an average home electricity rate of $0.13 per kilowatt-hour, you can save between 66% and 75% on refueling costs compared to gasoline.

What about charging on the go? Although public charging stations may cost more than home charging, they are often still less expensive than gasoline. For more information on the cost of public charging near you, visit Plugshare.com.

Concerned that electric vehicles (EVs) might require more maintenance than your current gas-powered car? Think again! Fully electric cars have around 20 moving parts, compared to over 2,000 in gas-powered vehicles. This significantly reduces the number of parts that need maintenance over the car's lifespan, leading to lower maintenance costs (opens in new window).

Fully electric vehicles eliminate the need for oil changes, transmissions and transmission fluid, timing belts, spark plugs, and other components that require regular maintenance or repair. Additionally, your brakes last much longer thanks to regenerative braking.

Home Charging

Several utility companies in Colorado, including Xcel Energy, Black Hills Energy, Holy Cross Energy, San Isabel Electric Association, and Gunnison County Electric Association, provide additional incentives for residents in their service areas. Besides offering rebates, some utilities feature "time of use" rates, allowing residential customers to benefit from lower electricity prices for overnight charging. To explore all the utility incentives available in Colorado, visit the US Department of Energy's Alternative Fuels Data Center.

At this time, the Xcel Energy and Black Hills Energy EV rebates cannot be stacked with the state tax credit.

Xcel Energy: Income-qualified residential customers are eligible for rebates of $3,000 - $5,500 towards the lease or purchase of pre-owned and new EVs. Residential customers may be eligible for a rebate of up to $1,300 on home wiring costs related to installing a Level 2 charger.
Holy Cross Energy: Residential customers are eligible for free chargers and will roll installation costs into your monthly bill, spreading it over 3 years to lower your upfront costs.
San Isabel Electric Association: Residential customers are eligible for a rebate towards the purchase of qualified EVs.
Gunnison County Electric Association: Residential customers are eligible for a rebate for 50% of the cost to purchase and install an EV charger, up to $1,250.
Black Hills Energy: Residential customers are eligible for a $500 rebate towards the purchase and installation of an at-home Level 2 charger. Income-qualified residential customers can receive up to $1,300 in rebates towards the purchase and installation of an at-home Level 2 charger. Residential customers who are income qualified may receive rebates of up to $3,000-$5,500 towards the purchase of a new or pre-owned EV.
United Power: Residential customers are offered the purchase and installation of a Level 2 charger at home for $19 per month, which also covers maintenance or repairs if needed. If you have your own charger, United Power offers a $1,000 rebate towards its installation.
Yampa Valley Electric Association: Residential customers can be eligible for a $250 rebate towards the purchase and installation of a Level 2 charger.
La Plata Electric Association:Residential customers can receive up to two at-home Level 2 EV chargers and up to $500 towards installation costs, or up to a $500 rebate off the price of your own at-home charger and installation costs.
Poudre Valley Rural Electric Association: Residential members qualify for up to a 50% rebate on expenses associated with buying and installing an Electric Vehicle Charger, with a maximum rebate amount of $1,000.

Shop for a New Kia EV

If you're a taxpayer in Colorado, you're eligible for a state tax credit when you buy an electric vehicle. Shop with Phil Long Kia today!

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Lease a Kia EV

Colorado taxpayers are eligible for a state tax credit when you lease a new EV. Lease agreements must have an initial term of at least two years.

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Shop for a Used Kia EV

Eligible Coloradans can receive a rebate towards the purchase or lease of used BEV or PHEV. Shop with Phil Long Kia today!

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Maximize Colorado EV Tax Incentives at Phil Long Kia