DRIVE EV Tax Credits in RI: Guide to Electric Car Rebates
Rhode Island drivers considering the switch to an electric vehicle are discovering significant savings through the state's DRIVE EV rebate program. This initiative, backed by the Rhode Island Office of Energy Resources and Rhode Island Infrastructure Bank, puts thousands of dollars back in your pocket when you purchase or lease a qualifying electric vehicle from a licensed dealership. Our Hyundai dealership near Tiverton helps customers navigate these valuable EV incentives while exploring our expanding selection of electric and hybrid models.
Understanding which rebates apply to your situation and how to properly apply them can make the difference between missing out and maximizing your EV savings. Whether you're eyeing a brand-new battery electric vehicle or considering a Certified Pre-Owned Hyundai hybrid, Rhode Island's program offers multiple pathways to reduce your total cost of ownership.
Don't wait -- visit Hyundai of Newport to save on a Hyundai EV today!
How Much Can You Save with DRIVE EV Rebates?
The rebate amounts vary significantly based on whether you're purchasing a new Hyundai EV or used electric car, as well as the type of electric powertrain you choose. These substantial rebates help offset the total cost of going electric, making sustainable transportation more accessible across different budgets.
| New Electric Hyundai Vehicles:1 | Used Electric Hyundai Vehicles:2 |
|---|---|
| $3,000 rebate for new Battery Electric Vehicles (BEVs) or new Fuel-Cell Electric Vehicles (FCEVs) | $2,500 for used Battery Electric Vehicles (BEVs) or used Fuel-Cell Electric Vehicles (FCEVs) |
| $$2,000 rebate for new Plug-in Hybrid Electric Vehicles (PHEVs) | $1,750 for used Plug-in Hybrid Electric Vehicles (PHEVs). |
Hyundai Electric Vehicles for Sale in Middletown, RI
Our Hyundai EVs for sale near Tiverton offer Rhode Island drivers advanced technology, impressive range and competitive pricing. From the versatile IONIQ 5 and IONIQ 6 to hybrid variants of popular models like the Palisade Hybrid and Santa Fe Hybrid, the electric Hyundai lineup meets the needs of local drivers.
Battery electric vehicles, like the Kona Electric and IONIQ 9, feature fast-charging capabilities, with networks expanding throughout Rhode Island. Tiverton Hyundai fans love the convenience of overnight home charging, perfect for longer trips in our compact state.
Plug-in hybrids, such as the Tucson PHEV, offer flexibility for those not ready to go fully electric. Enjoy significant electric-only range for daily commutes, with the security of a gas engine for longer drives or when charging isn't available.
DRIVE EV Program Requirements & Application Process
Successfully claiming your DRIVE EV rebate in Rhode Island requires purchasing or leasing from a licensed Rhode Island dealership and submitting proper documentation within 120 days of your transaction. Required documents include:3
- A valid Rhode Island registration certificate for the electric vehicle
- The final sales or lease agreement, including an itemization of credits, discounts, and incentives received (where applicable)
- A Rhode Island driver's license
- A signed W-9 form.
Visit our Hyundai dealership near Tiverton and we'll walk you through the DRIVE EV rebate application process today!
Finance a Hyundai Electric Vehicle Near Me
Even with substantial DRIVE EV rebates, many customers benefit from exploring auto financing options that make electric vehicle ownership immediately affordable. Our Hyundai finance center works with multiple lenders to secure competitive rates and terms that complement your rebate savings.
Electric vehicles often qualify for special financing incentives beyond the DRIVE EV program, including manufacturer offers and preferential lending rates for environmentally conscious purchases. These combined savings can dramatically reduce your monthly payments compared to traditional gas-powered vehicles. Apply for Hyundai financing online to streamline the purchase process and get pre-approved before visiting our showroom!
Take the Next Step Toward Electric Driving
Ready to explore how DRIVE EV rebates can make electric vehicle ownership more affordable? Visit Hyundai of Newport to discover our complete selection of electric and hybrid models, get personalized rebate guidance and experience the latest in sustainable automotive technology.
Rhode Island's commitment to electric vehicle adoption applies to both enhanced EV and residential EV charger rebate amounts beginning January 5, 2026,3 so don't wait to get behind the wheel of your ideal new or used Hyundai EV!
Contact us today and discover why more Rhode Island drivers are choosing electric vehicles as their primary transportation solution.
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1 $75,000.00 price cap does not include taxes, registration fees, delivery fees, and any capitalized cost reductions including incentives, rebates, negotiations, trade-in allowance, cash deposits, and any other similar reductions that could be considered a capitalized cost reduction.
2 $55,000.00 price cap does not include taxes, registration fees, delivery fees, and any capitalized cost reductions including incentives, rebates, negotiations, trade-in allowance, cash deposits, and any other similar reductions that could be considered a capitalized cost reduction.
3 See dealer for details.
