EV Consumers
Illinois Rebates
As part of Illinois' Climate & Equitable Jobs Act, or CEJA, Illinois has provided consumer rebates of up to $4,000 cash back for the purchase of an all-electric vehicle, or $1,500 for the purchase of an all-electric motorcycle.
The Illinois EPA will open the next EV Rebate Program funding round on January 21, 2025. The funding round will run from January 21, 2025, to April 30, 2025. Illinois residents purchasing a new or used all-electric passenger vehicle ($4,000) or all-electric motorcycle ($1,500) from an Illinois licensed dealer are eligible for the rebate. Applicants that certify as low income are given priority in disbursement of the rebates. The legislature appropriated $14 million to the Electric Vehicle Rebate Fund for the current fiscal year, which ends on June 30, 2025. View details for the Illinois EV Rebate Program.
Third Round
This round is closed. Vehicles must have been purchased within 90 days of November 1, 2023 and postmarked before or on January 31, 2024. Applicants that certified as low income were given priority in disbursement of the rebates.
Second Round
This round is closed. Vehicles must have been purchased on or after Tuesday, Nov. 1, 2022, and applications were postmarked on or before Tuesday, Jan. 31, 2023. The rebate applies to all new or used electric cars purchased in Illinois that have not previously been a recipient of the rebate.
First Round
This round is closed. The Illinois EPA saw a great deal of interest in electric vehicle rebates in the first round, with more than 2,000 applications received and over $8.7 million issued in rebates. Vehicles must have been purchased on or after July 1, 2022. Applications for the first round of rebates must be postmarked on or before Sept. 30, 2022, and must be made within 90 days of a vehicle purchase date.
Federal Rebates
The state rebate can be combined with the federal Clean Vehicle rebate, which took effect on August 16, 2022. The federal Inflation Reduction Act included thousands of dollars in tax credits and rebates for consumers, including up to $7,500 credit for those who purchase electric vehicles. Today, the credit must be filed against your taxes; starting in 2024, the federal credit can be cashed in at the point of sale i.e., have the credit discounted directly from the auto's purchase price.
Income requirements: The credit is available to those whose taxable income is below the following thresholds: Single filers – $150,000; Joint filers – $300,000; and Heads of household – $225,000.
Vehicle price requirements: Individuals don’t qualify for the tax break if their van, sport utility vehicle or pickup truck costs more than $80,000. There’s a $55,000 sticker-price limit for other vehicles.
Vehicle qualifications: A federal tax credit is generally available only for qualifying electric vehicles for which final assembly occurred in North America. The U.S. Department of Energy has provided a list of Model Year 2022 and early Model Year 2023 electric vehicles that may meet the final assembly requirement. Because some models are built in multiple locations, there may be vehicles on the Department of Energy list that do not meet the final assembly requirement in all circumstances.
View details about the Federal rebate.
Utility Rebates
Information on ComEd’s residential rebates can be found here.
ComEd announced during National EV Week in October 2024 that their new Point of Purchase initiative will help more commercial customers – including businesses of all sizes, and public sector customers — to qualify for fleet vehicle purchase rebates ranging from $5,000 to $180,000 per vehicle at the time of purchase (rebate amounts depend on vehicle type, with Class 1 and 2 vehicles qualifying for a base rebate of $5,000, and rebates climbing up to medium-duty box trucks up through Class 8 electric semi-trucks and on to transit and school buses). Find out more about ComEd’s fleet electrification program here. (link to Business & Public Sector Electric Vehicle Rebate Program (NEW) | ComEd - An Exelon Company)
Public Charging Information
The Illinois Department of Transportation (IDOT) has begun installing blue signage along interstate highway corridors to direct drivers to EV charging stations from Illinois’ highways. This allows electric vehicle owners to determine the location of EV charging infrastructure as easily as gas stations are identified today. Illinois has 558 miles of signed EV corridors and 1,019 miles of roadway identified as priorities for additional public charging infrastructure installation. Illinois is one of the first states to display the new Alterative Fuel Corridor signage at all areas designated as signage ready. For more information about public charging availability in Illinois, visit Alternative Fuel (illinois.gov)