Rhode Island 2024 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.
For press inquiries, contact steve@findthebestcarprice.com
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 Rhode Island?
Let’s see what current incentives are available in your area and whether or not you qualify for them.
Last Updated: January 2024
Table of Contents
Rhode Island EV Savings Calculator
What EV Incentives Are Available in Rhode Island?
Rhode Island has the following incentives in place for electric vehicles and associated purchases for charging:
- Rebate of up to $2,500.00 for the purchase or lease of new battery electric vehicles and fuel-cell electric vehicles
- Rebate of up to $1,500 for plug-in hybrid electric vehicles
- Up to $1,500 for the purchase or lease of used battery electric vehicles and fuel-cell electric vehicles
- Up to $750 for used plug-in hybrid electric vehicles
Let’s take a look at each of these in more detail.
Incentives for Purchasing an EV in Rhode Island
Rhode Island offers a rebate for up to $2,500 off the purchase of a new electric vehicle.
To qualify, EV buyers must meet the following purchase criteria:
- From the date of purchase/lease, applicants will have one hundred and twenty (120) days to provide OER with all required supporting documentation, including copies of:
- A valid Rhode Island registration certificate for the electric vehicle
- The final sales or lease agreement, including an itemization of credits, discounts, and incentives received
- A Rhode Island driver’s license
- A signed W-9 form.
- Purchase or lease a new eligible EV with a final sales and purchase price agreement at or below $60,000.00
- Purchase or lease a used eligible EV with a final sales and purchase price agreement at or below $40,000.00
- Leased vehicles (used) are required to have a lease term of at least twenty-four (24) months to qualify for the program.
- Purchase or lease date must be on or after 07/07/2022
- Eligible vehicles must be purchased or leased by a Rhode Island resident at a licensed Rhode Island automotive dealership and registered in Rhode Island.
Additional incentives may be available to low-income applicants. Visit this state information site to see if you meet the requirements.
Other EV Incentives Offered in Rhode Island
Rhode Island offers the following incentives for electric vehicle charging, maintenance, or related benefits:
- Rhode Island ClearCharge 12EV plan- EV drivers who have purchased a ChargePoint home EV charging unit, sign up for Clearview Energy’s ClearChargeEV plans and get: Free nightly EV charging from 11:00 PM to 6:00 AM every day of the week; $50 cash back on your ChargePoint Home EV Charger purchase; 100% US-sourced renewable energy.
- Rhode Island Free Workplace Charging- The State of Rhode Island's Department of Administration offers employees who operate a plug-in electric vehicle (PEV) for their work commute the opportunity to charge at work. Applying for a card is free and will give you access to any participating ChargePoint station.
Now that you know what electric vehicle incentives are available in Rhode Island, 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!
