Tax incentives and/or other incentives for drivers of electric vehicles in New Hope.
An NEV is an electric vehicle that has three or four wheels and is capable of achieving speeds between 20 miles per hour (mph) and 25 mph on a paved level surface. An NEV must be titled according to state law and may be operated on public streets and highways if it meets all equipment and vehicle safety requirements in Title 49 of the Code of Federal Regulations, section 571.500, and successor requirements. An NEV may not operate on a roadway with a speed limit greater than 35 mph, except to cross that roadway. A road authority may prohibit or further restrict the operation of NEVs on any street or highway under the road authority’s jurisdiction.
(Reference Minnesota Statutes 169.011 and 169.224)
A medium-speed EV is defined as a four-wheeled motor vehicle powered by electricity that is equipped with a roll cage or a crushproof body design and is capable of achieving a maximum speed of 35 miles per hour (mph) on a paved, level surface. Except with respect to maximum speed, a medium-speed EV must meet or exceed regulations in Title 49 of the Code of Federal Regulations, section 571.500, and successor requirements. A medium-speed EV may not operate on a roadway with a speed limit greater than 35 mph, except to cross that roadway. A road authority may prohibit or further restrict the operation of medium-speed EVs on any street or highway under the road authority’s jurisdiction.
(Reference Minnesota Statutes 169.011 and 169.224)
EVs are subject to an additional registration fee of $75.
(Reference Minnesota Statutes 168.013)
The Minnesota Department of Transportation (MnDOT) is offering a one-time account credit to eligible EV drivers for use in Minnesota toll lanes. Drivers who purchase or lease a new or used plug-in hybrid electric vehicle may receive a $125 credit, and drivers who purchase or lease a new or used all-electric vehicle may receive a $250 credit. Eligible vehicles must be purchased or leased between November 1, 2019, and October 31, 2025. For more information, see the MnDOT E-ZPass website.
The Minnesota Department of Commerce offers rebates to residents for the purchase or lease of new or pre-owned all-electric or plug-in hybrid electric vehicles (PHEVs). Eligible EVs may not have a pre-tax purchase price above $55,000 for new vehicles or $25,000 for pre-owned vehicles. Rebates are available in the following amounts:
| Vehicle Type | Rebate Amount |
|---|---|
| New | Up to $2,500 |
| Pre-Owned | Up to $600 |
Eligible applicants may receive a maximum of one rebate. For more information, see the Minnesota Department of Commerce EV Program website.
(Reference Minnesota Session Laws 2023-2024 Chapter 60 and Minnesota Statutes 169.011)
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