Electric vehicles (EVs) are everywhere in Colorado. From city streets to mountain towns, and at charging stations like the Buc-ee’s in Johnstown, EVs have become part of everyday life.
Colorado Leads the Way in EV Adoption
Colorado currently has the highest electric vehicle market share in the U.S., meaning more Coloradans drive EVs per capita than anywhere else in the country.
Tax Incentives Are Driving EV Popularity
A big reason many Colorado residents choose EVs is the generous state tax credit. Right now, the Colorado Energy Office offers:
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$2,500 tax credit for EVs priced up to $35,000
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$3,500 tax credit for EVs priced between $35,000 and $80,000
These savings have helped make EVs a more appealing and affordable option.
But Change Is Coming in 2026
According to CPR News, these credits are set to be cut in half starting in 2026. While the $2,500 credit for EVs under $35,000 may remain, larger credits for more expensive vehicles will likely shrink.
And that poses a challenge — most EVs currently on the market cost more than $35,000, meaning the biggest share of buyers will see smaller savings in the near future.
If you’re thinking about going electric, now might be the time to take advantage of the full benefits before the reductions kick in.
Katie is a senior who has been on staff for three years. Her favorite type of stories to write is reviews and features. Katie’s favorite ice cream flavor is strawberry.
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