Tax incentives and/or other incentives for drivers of electric vehicles in Riverwoods.
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 an 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)
The Illinois Environmental Protection Agency (IEPA) offers rebates to residents for the purchase of a new or pre-owned EV. Rebates amounts are available according to the following schedule:
| Purchase 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 an electric motorcycle. 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. Low-income applicants will be given funding priority. Additional restrictions apply. For more information, see the IEPA EV Rebate website.
(Reference 415 Illinois Compiled Statutes 120/27)
A tenant may install a Level 1 or Level 2 EV charger at a parking space allotted for the lessee. Landlords may require reimbursement for EV charger electricity consumption, charge a fee for access if a networked EV charger requires a fee to operate, and charge a security deposit to cover the cost of restoring the property to its original condition if the tenant removes the EV charger. The landlord may also require reimbursement for any wiring or electrical upgrades necessary to support the EV charger. Renters must comply with applicable health and safety codes and architectural standards, engage a licensed installation contractor, and provide a certificate of insurance. Additional requirements apply.
(Reference 765 Illinois Compiled Statutes 1085/35 and Senate Bill 40, 2023)
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