TCEQ Accepting Applications for $2,500 EV & Plug-In Hybrid Rebate Program
Looking for another great reason to buy a Ford electric (EV) or Hybrid card, truck or SUV? According to Texas Electric Transportation Resources Alliance, the Texas Emissions Reduction Program (TERP) offers a $2500 Rebate for the purchase or lease of an electric or plug-in hybrid vehicle.
The site states: These apply retroactively for vehicles purchased or leased on or after September 1, 2021
There are 2,000 rebates available and they are offered on a first-come, first-served basis. Applications will be accepted until the rebates are depleted - or January 7, 2023, whichever occurs first.
Information on the program may be found here.
Eligible vehicles are listed here. (Automakers without dealerships in Texas are currently excluded from the program.)
Instructions on how to apply and the forms you will need are here. Per the alliance:
There are other documents you will need to provide, but those are normally given to you at time of purchase (like the financing contract). If you paid cash, you’ll need a copy of the check. Make sure you include everything required by using the checklist in the form set.
Additional Energizing Information You Can Use:
The Feds Offer a $7500 EV Tax Credit for qualified EV and Hybrid vehicles. Find out more below:
Other Texas Incentives You Can Learn About
Austin Energy offers the EV360 Pilot Program for EV charging with reduced off-peak rates from 7 p.m.-2 p.m. on weekdays, and anytime on weekends. The lowest rates offered are $30/month. There is a one-time enrollment fee of $150.
Some utilities offer incentives for EV Owners. - Call and inquire. For instance,: Austin Energy offers PEV owners a rebate of 50% of the cost to purchase and install a Level 2 charging station, up to $1,500. Multi-family properties are also eligible for a rebate of up to 50% of the cost to install an approved Level 2 charging station.
Some Texas insurance companies may offer discounts on EVs. Make sure to ask your agent if your vehicle is elegible under your plan!
*Rebate offered via TCEQ. See txetra.org for rebate application, incentive, tax credit details. Contact your tax professional re: tax-incentive related information. Ends 1/7/23.