EV Specials
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Colorado Innovative Motor Vehicle Tax Credit
$5,350 Tax Credit Value Towards Any New Hyundai EV or PHEV$2,500 Additional Tax Credit Value is MSRP is Lower Than $35,000Colorado Innovative Motor Vehicle Tax Credit
All Colorado taxpayers are eligible to allocate the Colorado Innovative Motor Vehicle Tax credit with the purchase or lease of a new, untitled EV or PHEV through Hyundai Motor Finance. The credit value of $5,600, with a $250 processing fee for the final value of $5,350. An additional $2,500 credit value towards the purchase or lease of a new, untitled EV or PHEV vehicle’s MSRP that is under $35,000.
View DisclaimerColorado businesses and residents are eligible for tax credit offer. The eligible vehicle must be titled and registered in Colorado. The vehicle must be purchased or leased at a dealership located in Colorado. The lease term may not be less than 24 months. The purchaser or lessee must assign the credit to HMF (election statement), the customer's eligibility is subject to HMF credit approval. The amount of the credit is determined by the sate of Colorado. The vehicle cannot be previously titled or registered. The vehicle cannot have more than 1,500 miles at the time of the purchase or lease. The customer must finance or lease a new, untitled, and unreported EV, with a MSRP up to $80,000, with HMF. Tax credits are available to the party that first titled the vehicle. HMF has the right to amend or cancel this program at anytime for any reason. Tax credit value cannot be redeemed as cash, tax credit value must be applied to cap cost reduction. Offer expired 12/31/2023.