Coloradans are purchasing electric vehicles at a higher rate than any other state because they are affordable, quiet, and a great ride. EVs are helping us reach our bold climate goals and protect our clean air. This new data shows that demand for EVs continues to increase, especially with competitive state and federal rebates, drastically cutting the cost of an EV and saving people money, said Colorado Governor Jared Polis.
Electric vehicles made up 25.3% of new vehicle sales in Colorado in Q3 2024. Battery electric vehicles (BEVs) account for 82% of EVs sold in the Centennial state, while plug-in EVs make up 18% of EV sales.
The state's $5,000 tax credit is available until the end of 2024 and will be reduced to $3,500 at the beginning of 2025. Colorado also offers tax credits of $6,000 for customers seeking to exchange old vehicles with BEVs or plug-in EVs.
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