---
id: guide-0058
title: "What EV incentives and tax credits are available?"
category: guide
subtopic: ev-incentives
page_type: guide
source_url: "https://www.genesisofdownersgrove.com"
tags: ["EV", "incentives", "tax-credits", "savings", "federal"]
questions:
  - "Are there tax credits for electric cars?"
  - "What rebates can I get for buying an EV?"
  - "How do EV incentives work?"
  - "Am I eligible for EV tax credits?"
related: [home-charging, genesis-evs, financing-options]
dealer: Genesis of Downers Grove
---

Electric vehicles come with several incentives that can lower your real cost. Understanding them helps you make the best choice.

## Federal Tax Credits
The federal government offers a tax credit for qualifying new and used EVs, which reduces your tax bill. The amount depends on vehicle type, price, where it's made, and your household income. Genesis vehicles may qualify. The credit applies at tax time, though some programs let you claim it at purchase.

## State & Local Rebates
Illinois and some municipalities offer additional rebates, incentives, or charging grants. These change annually, so current programs vary.

## How to Find What You Qualify For
Incentives depend on the specific model, your income, and your tax situation-no two buyers are identical. Our finance team stays current on programs and can walk you through what applies to your purchase. They'll help you maximize savings.

## Get Personalized Guidance
Ready to explore Genesis EVs and see what incentives you could use? **Call (630) 598-9950** to talk with our team, or browse our current EV inventory online. We're here to help you understand the full picture.