SPRINGFILED (WREX) — Illinois is willing to pay you for an electric car.
Starting July 1, the state is offering a $4,000 rebate to get an all-electric vehicle.
The state says it has more than $17 million to distribute in rebates to people who buy electric cars. However, the maximum discount decreases in future years.
On July 1, 2026, a maximum discount is $2,000 and on July 1, 2028, a maximum discount drops to $1,500. The state also notes that you can claim a rebate of $1,500 for the purchase of an electric motorcycle.
Here are the boxes you must tick to be eligible for this discount:
- Purchaser must reside in Illinois at time of vehicle purchase and at time rebate is issued.
- Vehicle must be purchased from a dealer approved by the Illinois Secretary of State.
- Rented or leased vehicles are not eligible for reimbursement.
- The vehicle cannot have been subject to a previous electric vehicle rebate under this new program in Illinois.
- The amount of the rebate cannot exceed the purchase price of the vehicle.
- Buyer must retain ownership of the vehicle for at least 12 consecutive months immediately following the date of vehicle purchase.
- Buyer must claim rebate within 90 days of vehicle purchase date.
- Documentation requirements include a copy of the purchase invoice, proof of purchase, vehicle registration, and IRS forms W-9 or W-8.
To learn more about filing a claim for reimbursement, visit the state’s website HERE.