Shopping for an EV in the Sioux Falls area is easier when you have all the information required to make an informed decision. While eligibility has gotten increasingly strict for EV incentives, several ways to save on your EV purchase still exist. Learn more about incentives available for EV buyers today with Luxury Auto Mall of Sioux Falls.
Home Charging Credit Incentives
While the state of South Dakota does not offer any tax credits or incentives for buying a new or used EV, customers of some utility companies can qualify for credits. Installing a Level 2 charging station with Black Hills Energy, for example, offers up to a $500 rebate. Check with your utility company to discuss eligibility.
Federal Credits for Up to $7,500 for South Dakota EV Buyers
Federal tax credits are still available on many new EV models. Leasing is an excellent way to get the most for your money, and many manufacturers pass the $7,500 tax credit on to shoppers. This currently includes even high-end EV models like the BMW i4, BMW i7, Mercedes-Benz EQE, and Mercedes-Benz EQS.
While regulations are constantly changing, Luxury Auto Mall of Sioux Falls is happy to help walk you through the EV leasing process to ensure you save the most possible on your next purchase.
Find Out How Much You Could Save Near Sioux Falls
Luxury Auto Mall of Sioux Falls is happy to help you find the perfect EV for your lifestyle, and we always recommend you contact us before moving forward with any purchase. For additional information:
Stop by one of our South Dakota showrooms and experience a new electric vehicle for yourself. We look forward to earning your business.