Last reviewed October 2026
Minnesota rebate is gone and the EV surcharge is 0.5% of MSRP, at least $150/yr. Xcel charger rebates (up to $500, or $1,200 income-qualified) are what is left.
The $7,500 federal new-EV credit and $4,000 used-EV credit ended September 30, 2025, and the federal home-charger credit (30C) followed on June 30, 2026. If anyone tells you otherwise, they're reading an old script. (Charger installed on or before June 30, 2026? That one's still claimable on that year's return. IRS Form 8911.)
CLOSED: "all funds have been claimed," 6,600+ rebates paid, no reopening announced.
The catch: Minnesota charges EV owners an extra $150+/yr (MSRP-based) at registration. Plug-in hybrids pay 0.25% of MSRP, at least $75/yr. Coming: Floors drop to $100 (PHEV $50) for registrations from July 1, 2027. See every state's EV fee, ranked.
The new surcharge is 0.5% of MSRP (age-depreciated) with a $150/yr floor, so a $50k EV pays about $250/yr when new. PHEVs pay 0.25% (min $75). The floors drop to $100 (PHEV $50) for registrations starting July 1, 2027. One of the sneakiest fee structures in the country.
See what it costs to charge instead of fill up: Minnesota EV vs gas costs.
Programs change monthly and run out of money mid-year. Everything above was last reviewed October 2026; confirm at the official links before signing. Got a dealer quote? Run it through the free Deal-Checker.