Buying Guide
Rebates & Incentives
(Vehicles)
Learn more about the $900 2nd Drive rebate + all the other ways you can save when switching to an EV below!
Get Started2nd Drive $900 Rebate
How it Works: Simply purchase a used EV from a participating dealer& the 2nd Drive $900 discount will be applied to the sale! (Conditions Apply)
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May be applied for after the purchase of a qualifying used EV from any auto dealer.
To qualify, the purchase must meet the following criteria:
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Vehicle must be a plug in electric (BEV or PHEV), light duty, highway capable, passenger vehicle purchased from a licensed auto dealer.
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Vehicle must be for personal and not business use & must not have had more than 2 previous owners.
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Applicant must be a TMLP or MGED residential utility customer in good standing and register the car at the same address as the residential account.
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For the instant rebate, purchase price must be under $15,000 after the incentive is applied. For after purchase rebate, the net sale price before taxes and fees must be no more than $15,899.
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Vehicle purchase occurs between 2/15/20 and 12/31/21.
Massachusetts State Rebate
For brand new electric vehicles purchased on/after January 1, 2020, via thereestablished Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) Program.
To qualify, the purchase must meet the following criteria:
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Vehicle purchase price must be under $50,000
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Buyers of fully electric vehicles can claim a rebate of $2,500.
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For plug-in hybrids, the vehicle must have a minimum all electric range of 25 miles to qualify for a $1,500 rebate.
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You can apply for the MOR-EV rebate as soon as you get your car. Rebates are typically issued within 75 days.
Federal EV Tax Credit
A federal EV tax credit may reduce your net cost to buy or lease a brandnew electric vehicle by as much as an additional $7,500.
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Calculated as part of your tax return filing for the year of purchase and therefore is received by you typically between Feb – April of the following year as part of any tax refund you would receive.
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For leased vehicles, the credit is taken by the leasing company and a portion of it passed on to the consumer as a lease cost reduction.
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As a non-refundable type of tax credit, like a home mortgage interest deduction, eligibility is based on your annual tax liability, and you can’t roll over the credit to subsequent years.
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The total amount of the credit is also based on the battery size of the vehicle, so some plug-in hybrid electrics may only qualify for a partial credit amount.
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The credit also phases out per manufacturer after 200,000 vehicles are sold, so it’s important to verify the brand you choose to buy is still eligible.
Find a Local Dealership 2nd Drive Partner
Check Your Federal EV Tax Credit Eligibility
Local Group Buy & Dealer
Incentive Programs
There are additional local incentives that can lower the monthly payment costs even further, sometimes to under $200 a month and with no money down. In some cases, combined incentives can mean up to $15,000 off MSRP!
Get Started
Save Big With
Pre-Negotiated Discounts
For example, Energy New England has negotiated a $5,000 discount off a new Nissan LEAF for ENE employees, clients and their customers. To find out if you are eligible for the $5,000 discount and receive the flyer coupon, contact us.
One of the most popular local discount programs is Drive Green brought to you by Green Energy Consumer Alliance. To learn more about how to take advantage of each of these rebates, incentives and special offers, contact us.
Here To Help
TMLP & MGED are here for you, long after you find your forEVer car.
Learn more about how you can keep saving money through EV charging incentives available from TMLP and MGED.
Energy New England
- 5 Hampshire St., Suite 100 Mansfield, MA 02048
- 508-698-1200
- 508-698-0222