Other Benefits and Incentives
Charge Ready NY 2.0
Charge Ready NY 2.0 offers incentives to public, private and not-for-profit organizations that install Level 2 EV charging stations at workplaces, multi-unit dwellings (MUD’s) or public facilities that are owned and operated by municipal or state government entities. NYSERDA provides incentives on a per-port basis at varying amounts, based on location type and whether or not is it located within a Disadvantaged Community (DAC):
- $4,000 per charging port installed at a public facility (must be located within a DAC).
- $2,000 per charging port installed at a workplace or multi-unit dwelling location.
An additional incentive of $500 per port may be awarded for eligible charging equipment installed at a workplace or MUD location if located within a DAC.
The Program is offering $12 million in funding for incentives and will accept applications on an open-enrollment, first-come, first-served basis until December 31, 2025, or until the program runs out of funds, whichever comes first.
Heavy-Duty Advanced Vehicle Purchase Voucher
NYSERDA offers vouchers for purchasing heavy-duty trucks and school buses running on alternative fuels, including 80% of the costs up to $150,000 for a battery electric school bus, shuttle or transit bus, 95% of the costs up to $185,000 for a battery electric truck, 90% of the cost up to $120,000 for a plug-in hybrid electric truck, and 90% of the cost up to $55,000 for a hybrid electric truck.
Alternative Fueling Infrastructure Tax Credit
Under New York Tax Law 187-b, an income tax credit is available for 50% of the cost of alternative fueling infrastructure, up to $5,000. Qualifying infrastructure includes EVSE. Unused tax credits may be carried over into future tax years. The credit expires Dec. 31, 2022.
EV Emissions Inspection Exemption
EVs powered exclusively by electricity are exempt from state motor vehicle emissions inspections.
HOV Lane Exemption
Through the Clean Pass Program eligible EVs may use the Long Island Expressway HOV lanes, regardless of the number of occupants in the vehicle. This exemption expires Sept. 30, 2025.
Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles
All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle.
NYSERDA Drive Clean Rebate
The Charge NY initiative offers electric car buyers the Drive Clean Rebate of up to $2,000 for new car purchases or leases. If you are a New York State resident looking for a new car, it’s a great time to buy or lease a plug-in hybrid or battery-powered car that qualifies for the Drive Clean Rebate.