Buying a Used Electric Vehicle in Massachusetts: Unlock Savings with MOR-EV Rebates
Exploring the Benefits and Steps to Purchase
Introduction
Are you considering joining the electric vehicle revolution in Massachusetts? With the state’s commitment to sustainability and innovative rebate programs like MOR-EV Used and MOR-EV +, buying a used EV has never been more appealing. Discover how you can save money and reduce your carbon footprint with these incentives.
The Rise of Electric Vehicles in Massachusetts
Massachusetts is leading the charge in EV adoption, with over 50,000 EVs registered as of 2023. The state’s ambitious goal to have 300,000 EVs on the road by 2030 underscores its commitment to a cleaner future. By choosing an EV, you’re not just driving a car; you’re driving change.
Why Buy a Used Electric Vehicle?
- Cost Savings: Used EVs offer significant savings over new models, and you avoid the steep depreciation that new cars face. Plus, used EVs are exempt from potential future U.S. import tariffs on new EVs and components.
- Lower Maintenance Costs: With fewer moving parts than traditional vehicles, EVs require less maintenance, saving you time and money.
- Environmental Impact: Opting for a used EV extends the vehicle’s life, reducing waste and supporting sustainability efforts.
The MOR-EV Used & MOR-EV + Rebate Programs
Massachusetts offers generous rebates to make used EVs even more affordable.
- Eligibility: To qualify, you must be a Massachusetts resident purchasing a qualifying used EV from a dealership. Check the MOR-EV website for details.
- Rebate Amounts: You can receive up to $5,000 in rebates:
- MOR-EV Used: $3,500
- MOR-EV +: $1,500 (if eligible)
These rebates can be combined for maximum savings.
- Application Process: Choose the option that suits you best:
- Post-Purchase Rebate: Apply online within 90 days of purchase at MOR-EV website.
- Pre-Qualification and Point-of-Sale Rebate: Apply online before visiting a dealership to receive a voucher for immediate discounts at participating dealerships.
Benefits of Pre-Qualification:
- Immediate discount on the purchase price
- Potential savings on finance costs and sales tax
For example, pre-qualifying can save you up to $312.50 in sales tax on the rebate amount.
| Option | Rebate Amount | Sales Tax on Rebate (if applied after purchase) | Sales Tax on Rebate (if pre-qualified) |
|---|---|---|---|
| MOR-EV Used | $3,500 | $218.75 | $0 |
| MOR-EV + | $1,500 | $93.75 | $0 |
| Total | $5,000 | $312.50 | $0 |
Conclusion
Buying an electric vehicle in Massachusetts is a smart choice for your wallet and the planet. With the MOR-EV Used and MOR-EV + rebate programs, you can enjoy significant savings while contributing to a sustainable future. Pre-qualify today to maximize your benefits and drive home in your dream EV. Visit MOR-EV website to get started. If you get power from a local utility or municipal light plant, there may be additional rebates available to you. Try the MA energy savings rebate finder tool to learn more.