EV Lease Guide
Understanding electric vehicle incentives in Colorado
Benefits of EV Leasing
Avoid long-term concerns about battery life and replacement costs, as the vehicle will be returned before significant battery maintenance is typically needed.
Switch to newer EV models with improved range, charging speeds, and features every few years as technology advances
Dealers can apply federal and state tax credits directly to reduce your lease payments, no waiting for tax season
Avoid the higher purchase price of EVs with lower down payments and monthly lease payments
Stay under manufacturer warranty throughout your lease term, covering battery and electrical components
Colorado EV Incentives
Up to $7,500 tax credit depending on battery capacity and manufacturer. Available for new EV purchases and leases when the dealer passes the credit to the customer.
Colorado offers two tiers of tax credits for new EVs:
- $3,500 base credit for EVs with MSRP up to $80,000
- Additional $2,500 credit for EVs with MSRP up to $35,000
Key eligibility requirements:
- Vehicle must be titled and registered in Colorado
- Applies to both battery electric and plug-in hybrid vehicles
- Lease agreements must be for at least two years
- Available for both personal and commercial vehicles
