By Cary Weiner, 10/13/2017
With the end of the calendar year coming up quickly, now may be a good time to shop for that all-electric vehicle you’ve been considering. If you can make a purchase by December 31, you’ll be able to get up to $7,500 in federal tax credits back when you file next year. So, we’ve taken the list of U.S. News & World Report’s Best Electric Cars, filtered them for the ones available in Colorado, and created a side-by-side comparison.
The vehicles were sorted by range of the base model, as range anxiety is a foremost consideration for potential EV drivers. The motor figures indicate the power of each car. Importantly for Coloradans, only the Teslas come with an all-wheel drive option. MPGe is miles per gallon equivalent – essentially a measure of how fuel efficient each car is. The question marks in the Federal Tax Credit column for the Teslas are because that manufacturer is quickly approaching 200,000 electric vehicles sold. That triggers a reduction in the tax credit to $3,750 for six months, followed by a credit of $1,870 for another six months before expiring completely. The Chevy Bolt may be another model at risk of tax credit reductions as sales increase, but perhaps not for at least another year. Also note that you must have at least $7,500 in tax liability in the year in which the vehicle is purchased to get the full federal tax credit. All vehicles listed are eligible for Colorado’s instant tax credit of $5,000.Last updated: October 13, 2017 at 13:23 pm