Indiana 2023 EV Tax Credits Guide [+ Calculate Your Savings]
Steve Birkett is an electric vehicle advocate based in Greater Boston, Massachusetts. He is a content creator and marketing professional who contributes written and recorded pieces to a wide range of media outlets. His analysis has been featured in Find The Best Car Price, WWLP TV, and Torque News, among others. He has also had video content featured on Inside EVs. Birkett was an EV Guide for Plug in America events in Massachusetts (Drive Electric Cambridge and Drive Electric Lowell) and Ohio (Earth Day 2019 at Cleveland Zoo). He participates in quarterly advisory panel meetings for EVolve New York (a state-level charging initiative) and has contributed to focus groups for prominent U.S. charging networks.
Birkett is a father-of-two who loves nothing more than packing up the family and hitting the road in their latest electric car, which is currently a 2022 Hyundai IONIQ 5. With multiple Chevy Bolts in his past, as well as a Chevy Volt and Tesla Model 3 LR in the extended family, plus various EV rentals when he ventures back home to his native United Kingdom, Birkett has more than 100,000 all-electric miles under his belt and is always ready to try out a new electric vehicle.
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There’s no denying that electric vehicles (EVs) can be expensive upfront, but there are federal and state incentives like rebates and tax credits to make EVs more financially appealing.
But what state EV incentive programs are in place in Indiana?
Let’s see what current incentives are available in your area and whether or not you qualify for them.
Last Updated: August 2023
Table of Contents
Indiana EV Savings Calculator
What EV Incentives Are Available in Indiana?
Indiana has no direct purchase incentives for electric vehicles at this time. However, the state's utility incentives for EVs are much more extensive, making the post-purchase costs of owning an EV cheaper.
Note that we update this post regularly, so check back to see if Indiana adds any state-level incentives to buy an EV in future.
Incentives for Purchasing an EV in Indiana
Although Indiana does not offer incentives for the purchase of a new electric vehicle, many EV buyers can qualify for savings at the federal level.
Other EV Incentives Offered in Indiana
There are some significant post-purchase EV incentives available from utilities in Indiana. These include:
- Duke Energy provides a wide variety of electric car incentives for both residential and commercial customers. Offers include discounted rates, up to $200 in annual bill credits for EV charging at certain times, and rental options for home charging hardware,
- Indiana Michigan Power (IMP) offers preferential time-of-use (TOU) rates for residential customers who charge their EV during off-peak hours. A $500 rebate may also be available to customers who join this program.
- Applied Energy Services (AES) Indiana offers a TOU rate to residential customers with an electric vehicle and also sells EV charging hardware
Visit our EV community on Facebook to connect with other electric vehicle owners in your area and find out if specific offers are available.
Now that you know what electric vehicle incentives are available in Indiana, what else do you need to know about making the switch to all-electric transportation?
Read our guidance on how to prepare for an EV to make sure the models you’re considering will meet your real-world driving needs!
