With the all-electric Subaru Solterra set to release in mid-2022, we've put together an overview of all the Florida EV tax credits, Florida electric car rebates, and Florida electric car incentives. Take a moment to learn about the financial perks of driving an EV. Then, contact Subaru South Tampa to reserve your Subaru Solterra and discuss the Florida electric car tax credits you may be eligible for near Wesley Chapel!

Florida Electric Car HOV Incentives 

There is one official Florida electric car incentive on the books. If you drive an EV, you can apply for an HOV decal from the Department of Highway Safety and Motor Vehicles. All you have to do is fill out the application, bring it to your tax collector's office, and pay a $5 or $10 fee for either 1 or 2 years of use. Not only will you get free access to the HOV lane, but you'll no longer have to pay for emissions tests, gas, or oil changes! 

Florida Electric Vehicle Tax Credits and Incentives 

Take a look at some of the Florida electric car rebates and Florida electric car incentives for which you may be eligible. We'll also cover the Federal rebate for electric cars. Highlights include:

  • Buy your EV in Jacksonville, and you can expect a Florida electric car tax credit of either $500 or $1,000 (depending on battery size).
  • Buy a used EV in Orlando, and you may be eligible for a long list of additional perks. 
  • Purchase a new plug-in electric vehicle that weighs less than 14,000 pounds, and you can forget about Florida EV tax credits because you'll be eligible for a Federal electric car rebate of up to $7,500 dollars. 
  • Used EVs put into service after December 31, 2023, will be eligible for a tax credit of up to $4,000.

New Terms for the Federal Electric Car Rebate

As you've likely heard, the recently passed Inflation Reduction Act has renewed the Federal rebate for electric cars, bringing a new set of terms that work to support domestic automotive manufacturing and more. As you consider purchasing an EV, you'll find that the stipulations disqualify over 70% of current EVs on the market for the full rebate. Fortunately, Subaru EV incentives remain the same. The Subaru Solterra qualifies for a full rebate of $7,500; when leased through Subaru's preferred lender, new 2023 Subaru Solterra models are eligible for a $7,500 incentive that will be used to lower the lease payment (ask your retailer for full details on EV financial incentives); the Subaru Crosstrek Hybrid qualifies for a $4,502 rebate. Take a moment to review the changes to the terms of the Federal electric car incentives below: 

  • The Federal electric car rebate has been extended through 2032. 
  • Used EVs put into service after Dec. 31, 2023, will be eligible for a $4,000 tax credit. 
  • While there was a previous cap of 200,000 EVs each year that were eligible for the rebate, the cap has been removed. 
  • In order for EVs to qualify for the Federal rebate for electric cars, they must be assembled in North America. 
  • Furthermore, 40% of the metals used in an EV battery must either come from North America or a country in which the U.S. has a free-trade agreement. This percentage will increase to 80% by 2027. 

Types of Green Vehicles 

Only EVs and hybrids qualify for the HOV decal, and only EVs qualify for the federal and Florida electric car rebates. That said, take a moment to learn about the different types of green vehicles below, so you can find out which vehicle types are eligible for certain incentives should you decide to do further research: 

  • EVs = Electric vehicles
  • PHEVs = Plug-in hybrid electric vehicles
  • ILEVs = Inherently low emissions vehicles
  • HOVs = High-occupancy vehicles
  • AFVs = Alternative fuel vehicles (EVs, PHEVs, biodiesel vehicles, fuel-cell vehicles)

Have Questions About Florida Electric Vehicle Tax Credits? 

Now that you've read our overview of Florida electric vehicle incentives, Florida electric car rebates, and Florida EV tax credits, give Subaru South Tampa a call at 866-941-2206. We'll walk you through all of the available Florida electric car incentives and make sure you don't miss out on any opportunities to save when the Subaru Solterra releases near St. Petersburg, FL. While you're here, be sure to explore our Subaru research guides for other helpful reads, including our look at the 2023 Subaru Solterra's estimated EV range

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