If you’re a Maryland driver considering an electric vehicle (EV), the Maryland EV tax credits program can help you save thousands. From state-level incentives to federal tax breaks, Maryland residents have multiple ways to reduce the cost of going electric — but funding is limited, and deadlines matter. In this guide, we’ll break down exactly how these credits work, who qualifies, and how to claim them before they run out.
What Are Maryland EV Tax Credits?
The Maryland EV tax credits are part of a state program designed to encourage EV adoption. Administered by the Maryland Motor Vehicle Administration (MVA), this one-time excise tax credit can be worth up to $3,000 for eligible new plug-in electric or fuel-cell vehicles purchased or leased between July 1, 2023, and June 30, 2027.
Program highlights:
- Up to $3,000 back for eligible vehicles
- Available to individuals and businesses
- First-come, first-served funding
- Credit applies at the time of titling in Maryland
Who Qualifies for the Maryland EV Tax Credit?
To qualify, your vehicle must meet these requirements:
- Battery capacity: At least 5 kWh for cars, 4 kWh for motorcycles/trikes
- Base MSRP: $50,000 or less (before taxes or add-ons)
- New vehicle: First-time titled in Maryland during eligibility period
- Purchase/lease date: Between July 1, 2023 and June 30, 2027
Business owners can claim the credit for up to 10 vehicles per fiscal year.
Funding Status for 2025
As of mid-2025, funding for the current fiscal year (FY25) is fully exhausted. You can still submit an application, but you’ll be placed on a waitlist for future funding. Applying early for the next fiscal year increases your chances of approval.
Maryland EV Charger Rebates
In addition to Maryland EV tax credits, the Maryland Energy Administration offers rebates for EV charging equipment:
- Residential rebate: Up to $700 (50% of cost)
- Commercial rebate: Up to $5,000 per installation
Local utility providers like BGE, SMECO, and Potomac Edison also offer cash-back programs, discounted charger rates, or annual bill credits for EV drivers.
Federal EV Tax Credit
Maryland residents can stack their state incentives with the federal EV tax credit:
- Up to $7,500 for qualifying new EVs
- Up to $4,000 for eligible used EVs
- Option to apply the credit at the dealership for an instant discount
- Expires September 30, 2025
Step-by-Step: How to Claim Maryland EV Tax Credits
- Buy or lease a qualifying EV.
- Gather documents: Bill of sale, proof of battery capacity, MSRP details.
- Submit application: Complete MVA Form VR-334 with required attachments.
- Watch funding status: Apply early to avoid missing out.
Monetization Opportunities for EVInsiderGuide.com
This article is perfect for affiliate and ad monetization:
- Affiliate links to Level 2 home chargers (eligible for rebate)
- EV insurance quotes from comparison platforms
- EV-friendly credit cards for charging rewards
- Solar installers offering bundle discounts with EV chargers
You can add call-to-action buttons like:
🔌 Shop Top-Rated Level 2 Chargers on Amazon
🚗 Compare EV Insurance Rates in Maryland
FAQ: Maryland EV Tax Credits
Q: Can I claim the Maryland EV tax credit for a used EV?
A: No, the state credit applies only to new vehicles. However, the federal program offers credits for qualifying used EVs.
Q: How long will the Maryland EV tax credits last?
A: The program runs until June 30, 2027, but annual funding limits mean the money may run out each year.
Q: Can I get both the state and federal EV tax credits?
A: Yes, you can stack both incentives for maximum savings.
Final Thoughts
The Maryland EV tax credits program is a powerful incentive for drivers ready to go electric — but with funding caps and waitlists, timing is everything. If you’re considering an EV purchase, plan ahead, apply early, and combine your state and federal benefits for the biggest savings.
