Local, State, and Federal Transportation Incentives
Our Director of Climate Policy recently compiled a report of all the incentives available to households and businesses across the Commonwealth. Below are the descriptions and direct links to access the tax credits, rebates, and loans related to transportation. For the full report of commercial and residential incentives, a glossary of terms, and applicable references, download the pdf file here.
Transportation - Household Incentives
Qualified Plug-In Electric Vehicle Tax Credits - All
The federal government offers federal income tax credits between $2,500 and $7,500 for all-electric and plug-in hybrid cars bought in or after 2010. The size of the tax credit depends on the size of the vehicle, its battery capacity, and whether the manufacturer of the vehicle has reached its 200,000 quota.
How Can I Access This?
Click here for more information about the tax credits and qualifying vehicles.
Guaranteed Ride Home - City of Charlottesville & Albemarle County
If you take alternative transportation to work at least twice a week, Rideshare offers a Guaranteed Ride Home program that pays for a taxi should you need to leave work early for an emergency. The program offers up to 5 free trips home per person per calendar year.
How Can I Access This?
To make use of the program, full or part-time employees must be registered with RideShare and commute to work via carpool, vanpool, public transit, biking, or walking at least twice a week. Learn more about the organization and the Guaranteed Ride Home program here.
Federal Electric Vehicle Tax Credits - All
The federal government offers federal income tax credits of between $2,500 and $7,500 for all-electric and plug-in hybrid cars bought in or after 2010 for use in the United States. The size of the tax credit depends on the size of the vehicle, its battery capacity, and whether the manufacturer of the vehicle has reached its 200,000 quota.
How Can I Access This?
Visit Fuel Economy website for more information about the tax credits and qualifying vehicles. Click here to access the form and claim your credit.
Charlottesville/Albemarle Guaranteed Ride Home - City of Charlottesville & Albemarle County
If your employees take alternative transportation to work at least twice a week, Rideshare offers a Guaranteed Ride Home program that pays for a taxi should they have to leave work early for an emergency. The program offers up to 5 free trips home per employee per calendar year.
How Can I Access This?
To make use of the program, full or part-time employees must be registered with RideShare and commute to work via carpool, vanpool, public transit, biking, or walking at least twice a week. Learn more about the organization and the Guaranteed Ride Home program on the RideShare website.
EV Mini-Grant - City of Charlottesville
The City of Charlottesville offers mini-grants to enable to development of publicly-accessible EV charing stations located near commercial hubs throughout Charlottesville. Grants are up to $3,000 for the installation of Level I and II chargers, and up to $7,000 for the installation of DC fast chargers. Charging stations must be accessible by the general public, near commercial and tourist activity centers, and located on private, nonresidential property. Commercial properties can receive up to 2 grants.
How Can I Access This?
Learn more about the grant program at the City of Charlottesville website, and access the full application online. Applications should be emailed to energy@charlottesville.org.
Qualified Transportation Fringe Benefit - All
Beginning on January 1, 2020, businesses may claim tax-free benefits for employees commuting via public transit, carpool, or vanpool of up to $270 per month. Benefits may be in the form of transit vouchers, commuter highway vehicle fares, and/or parking fees.
How Can I Access This?
Visit the IRS website to learn more.
This page was last updated on April 1, 2020.