Maryland EV Tax Credits Guide

The state of Maryland offers several incentives for new EV ownership and upgrading home energy use. Here’s what you need to know to take advantage of these tax credits and rebates.

As incentive programs shift over time, it’s important to research current incentives and consult a tax advisor to ensure you qualify for such programs. The information in this article was current as of its publication date.

Yes. Maryland’s statewide EV excise tax credit program provides a credit of up to $3,000 for an EV with a purchase price of less than $50,000.

Maryland does not offer incentives for buying a used EV.

Yes. As of October 2023, funding is available for Maryland’s statewide rebate for home charging stations, though there is a delay in processing applications due to the popularity of the program. For a residential installation, up to 50 percent of eligible costs can be refunded up to a maximum of $700. Level 1 chargers are not eligible for the program as of October 1, 2023. Maryland residents should also check with local utility companies for rebates and special rate programs for off-peak charging.

Yes. Residents of Maryland may qualify for a rebate of $1,000 from the Residential Clean Energy Rebate Program for the purchase and installation of such qualified residential solar system types as panels and shingles. Such solar systems are also exempt from state sales tax and may qualify for a property tax exemption for the increase in the home’s assessed value.

EVs are exempt from Maryland’s state emissions inspections and may travel in high-occupancy vehicle (HOV) lanes. Residents of Maryland who purchase an EV may also qualify for the Federal Electric Car Tax Credit of up to $7,500. Maryland residents should also check with their local electric utilities for any additional credits or incentives.