Indiana 2024 EV Tax Credits Guide [+ Calculate Your Savings]

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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: January 2024

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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!

Frequently Asked Questions

Are there incentives for purchasing an electric vehicle in Indiana?

No, there are no state-level incentives in place when you purchase an EV in the state of Indiana. Also, check out our picks for the best deals on EVs.

Are there additional fees for purchasing an electric vehicle in Indiana?

Yes, there are additional fees to pay when you purchase an EV in the state of Indiana. A $150 registration fee is charged to make up for the tax revenue lost now that you will no longer buy gasoline or diesel. The fee drops to $50 for plug-in hybrid vehicles, which still consume some fossil fuels.

The Indiana Bureau of Motor Vehicles sets new fee rates every five years.

Does sales tax apply when I buy an EV in Indiana?

Sales tax is applied to electric vehicle purchases in Indiana at the same rate as traditional combustion vehicles. Visit our resource page to find the vehicle sales tax in Indiana.