EV Charging Incentives

Following the enactment of a retroactive federal tax credit, those that acquired EV charging infrastructure may be entitled for a credit of up to $30,000 for commercial charging station installations. This federal tax credit has been extended retrospectively until December 31, 2021. The US Department of Energy website has more information.

The Illinois Environmental Protection Agency (IEPA) has made transportation electrification subsidies available.

The IEPA will prioritize investments in medium and heavy-duty vehicle charging stations, as well as electric vehicle incentives.

The following are some incentives to convert your fleet to electric:

• Federal tax credit for passenger vehicles: Most new passenger automobiles are eligible for a federal tax credit of up to $7,500.
• Spend less at the pump: The cost of fueling an EV is less than half that of a typical vehicle, saving up to $1,300 per year. It's the equivalent of paying $1 per gallon of gas.
• Reduced maintenance costs: All electric vehicles have fewer moving components to repair and cost half as much to maintain during the life of the vehicle.
• Charging is simple to manage: We can assist you in developing a strategy to manage your charging and lower your fuel bills.
• Electric vehicles are exempt from state vehicle emissions inspections. Visit the Illinois Environmental Protection Agency's Vehicle Testing Program Website for further information.
• Visit Ameren's website or contact them directly for specifics and details.