All-Electric Vehicle (EV) Manufacturing Tax Credit

Vehicle manufacturers are eligible for a tax credit for EVs, including low- and medium-speed EVs, manufactured on or after July 1, 2010. EVs that can legally be operated on interstate highways and turnpikes in the state are eligible for a $2,000 credit per vehicle. Four-wheeled medium-speed EVs are eligible for a $1,000 credit per vehicle. Four-wheeled low-speed EVs are eligible for a $500 credit per vehicle. Tax credits may be carried forward for up to five years. This incentive is available through December 31, 2013. (Reference House Bill 2308, 2013, and Oklahoma Statutes 68-2357.402)