Oklahoma 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) are expensive, 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 Oklahoma?
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
Oklahoma EV Savings Calculator
What EV Incentives Are Available in Oklahoma?
Oklahoma has various incentives available for electric vehicles, from purchase incentives to offers that reduce running costs.
The state currently offers a tax credit based on vehicle weight, which is up to $5,500 for most modern EVs. This credit applies to a wide range of alternative fuel vehicles as described below.
Incentives for Purchasing an EV in Oklahoma
Oklahoma offers a tax credit incentive for the purchase of a new electric vehicle. The credit is only available for new vehicle purchases, not used EVs.
This credit applies to a wide range of alternative fuel vehicles, both individual and commercial, and rises in line with gross vehicle weight rating (GVWR) as follows:
- 6,000 lbs and below = $5,500
- Up to 10,000 lbs = $9,000
- Up to 26,500 lbs = $26,000
At the time of writing, only the GMC Hummer EV comes in with a GVWR greater than 10,000 lbs, which places most EVs in the lower two brackets. You can also add federal incentives to Oklahoma's state-level tax credit.
Other EV Incentives Offered in Oklahoma
Oklahoma offers the following incentives for electric vehicle charging, maintenance, or related benefits:
- Federal Alternative Fuel Infrastructure Tax Credit- Customers who purchase qualified residential fueling equipment after January 1, 2023, may receive a tax credit of up to $1,000.
- Oklahoma Gas & Electric Co ENERGY STAR Electric Vehicle Charger Rebate- OG&E is offering the EV Charger Rebate Program to incentivize the purchase of ENERGY STAR® certified level 2 EV chargers. Up to $250 per charger.
- Oklahoma Electric Cooperative (OEC) provides a rebate of up to $300 for residential customers who drive an EV and schedule their charging during off-peak hours.
- Public Service Company of Oklahoma (PSO) offers time-of-use charging rates and may have rebates for interested residential customers for Level 2 EV charging hardware (must be certified by ENERGY STAR)
Now that you know what electric vehicle incentives are available in Oklahoma, 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 Oklahoma?
No, there are no state-level incentives in place when you purchase an EV in the state of Oklahoma. Also, check out our picks for the best deals on EVs.
Are there additional fees for purchasing an electric vehicle in Oklahoma?
Yes, there are additional fees to pay when you purchase an EV in the state of Oklahoma. A $110-$158 (based on weight) registration fee is charged to make up for the tax revenue lost now that you will no longer buy gasoline or diesel.
Does sales tax apply when I buy an EV in Oklahoma?
Sales tax is applied to electric vehicle purchases in Oklahoma at the same rate as traditional combustion vehicles. Visit our resource page to find the vehicle sales tax in Oklahoma.