Illinois Electric Vehicle Rebates and Federal Instant Rebate

Benefits for Electric Vehicle Owners

If you are interested in an electric vehicle, now is a great time to invest in a clean vehicle for your lifestyle. Federal and state government programs are in place to help promote the transition to low or zero-emissions personal transportation. Through the federal government's Clean Vehicle Act, many new and used EVs and PHEVs qualify for tax savings. The state of Illinois also supports EV ownership with its own rebate program and several other perks for adopting cleaner vehicles. Find your next new or used EV at Karl Knauz BMW and save with special programs and incentives, including the following:

• Illinois State Rebates: Consumer rebates through Electrify Illinois
• Alternative Fuel Corridors: EV infrastructure through the Illinois Department of Transportation (IDOT) to help EV drivers find charging stations
• Federal Tax Incentives: Through the Clean Vehicle Act, Illinois drivers can get $7,500 in new EV tax incentives or up to $4,000 for a used EV
• Battery electric vehicles (BEV) are exempt from state emissions inspections
• Ameren Illinois EV Rate Residential Program: Special rates on residential electricity use for EV owners

Illinois Electric Car Rebates

Unlike the Federal Tax Incentive, which has specific manufacturing criteria, the Illinois Electric Car Rebate applies to all new or used battery electric vehicles (BEVs). As long as the purchaser is an Illinois resident and the vehicle is purchased from an Illinois dealership like Karl Knauz BMW, the EV is eligible for a $4,000 rebate. The purchaser must apply for the rebate within 90 days of purchasing the vehicle and must provide documentation, which includes a copy of the purchase agreement and the vehicle registration.

Which Vehicles Qualify for Federal Tax Incentives at Karl Knauz BMW

Check out our incredible electrified BMW models and extensive pre-owned inventory for additional savings. Not only do some of our new EVs and PHEVs qualify for federal and state incentives, but many of our pre-owned vehicles also qualify for even more savings.

• 2021 - 2023 BMW 330e: Up to $5,836
• 2021 - 2023 BMW X5 xDrive45e: Up to $7,500
• 2024 BMW X5 xDrive50e: Up to $3,750
• Pre-Owned Electric Vehicles and Plug-in Hybrid Electric Vehicles

Test Drive BMW EVs at Karl Knauz BMW

Ready to go electric? Contact our team at Karl Knauz BMW to schedule a test drive. Search our inventory now for top-of-the-line new BMW electric vehicles, or browse for additional savings among our Pre-owned Electric / Hybrid vehicles. We are near Gurnee, Lake Forest, Kenosha, and Libertyville, IL.