Tax incentives and/or other incentives for drivers of electric vehicles in Lake Forest.
BEVs are exempt from state motor vehicle emissions inspections. For more information, see the Illinois Environmental Protection Agency’s Vehicle Emissions Testing Program website.
(Reference 625 Illinois Compiled Statutes 5/13C)
BEV owners must pay an annual fee of $100 in addition to standard registration fees. A portion of the fees contribute to the Illinois Road Fund.
(Reference 625 Illinois Compiled Statutes 5/3-805)
An individual may not park a motor vehicle within any parking space specifically designated for parking and charging EVs unless the motor vehicle is a EV. Violators may be subject to a fine of up to $100, in addition to costs associated with the removal of the vehicle from the parking spot.
(Reference 625 Illinois Compiled Statutes 5/11-1308)
Ameren Illinois offers a TOU rate to residential customers that own or lease a EV. For more information, see the Ameren Illinois EV Rate Residential Program website.
Illinois utilities joined the National Electric Highway Coalition (NEHC), committing to create a network of direct current fast charging (DCFC) stations connecting major highway systems from the Atlantic Coast to the Pacific of the United States. NEHC utility members agree to ensure efficient and effective fast charging deployment plans that enable long distance EV travel, avoiding duplication among coalition utilities, and complement existing corridor DCFC sites. For more information, including a list of participating utilities and states, see the NEHC website.
The Illinois Environmental Protection Agency (IEPA) offers rebates to residents for the purchase or lease of a new or pre-owned EV. Rebates amounts are available according to the following schedule:
|Purchase or Lease Timeframe||Rebate Amount|
|July 1, 2022 – June 30, 2026||$4,000|
|July 1, 2026 – June 30, 2027||$2,000|
|Beginning July 1, 2028||$1,500|
IEPA also offers rebates of $1,500 to Illinois residents for the purchase of a new electric motorcycle after July 1, 2022. EV owners must apply for the rebate within 90 days of purchasing or leasing and registering the EV in Illinois. Applicants may only receive one rebate in a 10-year period. Rebate award amounts may not exceed the purchase price of the vehicle. Additional restrictions apply. For more information, see the IEPA Climate and Equitable Jobs Act website.
(Reference Public Act 102-0662)
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