Colorado is trailblazing with a new law that ramps up impressive EV state tax credits for both purchases and leases.
Governor Jared Polis (D-CO) signed House Bill 23-1272 into law on May 11. On page eight it says that from July 1, 2023, all Colorado residents who purchase or lease an EV with MSRP up to $80,000 qualify for an EV tax credit of $5,000. This tax credit will be in…