December 17, 2024
A Guide to Maryland EV Tax Credits, Rebates & Charging Incentives

6 Min. Read
Maryland is making strides toward sustainability by aiming to phase out gas-powered vehicle sales by 2035. To support this transition, the state offers a variety of electric vehicle (EV) incentives designed to make electrification more affordable. Depending on where you live in Maryland, your local electricity provider might also offer rebates or cost-saving opportunities through time-of-use (TOU) plans for Maryland EV charging.
Let’s take a closer look at the different rebates and incentives available to help you save on EV purchases and charging in the state.
Maryland Electric Vehicle Tax Credits, Rebates and Incentives
Maryland residents can take advantage of two state-level programs to save on electrification. These incentives can be combined with federal EV charging rebates and tax credits, maximizing your total savings on electric vehicles.
Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program
The Maryland Electric Vehicle Supply Equipment (EVSE) Rebate Program aims to help residents and businesses save on the purchase and installation of an EV charger. Eligible equipment includes Level 2 chargers for residential use and DC Fast chargers for commercial EV charger installations. The rebate go towards costs such as the charger itself, any necessary electrical upgrades, permits, installation costs, and even the design for commercial projects.
The residential rebate provides a maximum of $700, covering up to 50% of the total cost of the project. For commercial installations, the rebate also covers up to 50% of costs, with a cap of $5,000.
With $2.5 million in funding allocated for 2025, this first-come, first-served program is an excellent opportunity to offset EV charging expenses.
Maryland’s $3,000 One-Time Tax Credit for EVs
Maryland residents can also qualify for a tax credit of up to $3,000 when buying or leasing an EV or PHEV (plug-in hybrid electric vehicle). The credit is available to new vehicles that cost under $50,000 and have a battery capacity of at least 4 kWh.
Additionally, businesses in the state can claim this credit on up to ten vehicles.
Maryland EV Charger Rebates
With 80% of EV drivers charging at home, it’s clear that home charging remains the most convenient option. If you’re a customer of one of these utilities, you can benefit from their programs to save on an at-home EV charger.
Southern Maryland Electric Cooperative
With the SMECO EV Recharge program, EV owners can earn $120 a year by signing up for the utility’s managed charging program. In this program, when demand for electricity goes up, the utility will make adjustments to your charging schedule or speed. It is important to note that you will have to install a compatible Level 2 EV charger to become eligible for this program.
If this program doesn’t sound like a good match for your charging needs, you can still earn $50 a year as a bill credit by sharing your EV charging data with the utility.
The Potomac Edison Company
The Potomac Edison Company offers incentives for multifamily Maryland EV charging projects, covering up to 50% of project costs.
For multifamily properties in underserved communities, additional benefits are available, including the utility installing and operating charging stations at select locations.
EV Charging Rates in Maryland
Many Maryland utilities also offer time-of-use (TOU) plans that help you save by shifting your charging to the night, when demand for electricity is generally lower. Additionally, you can compare different retail energy suppliers in your area to find the most affordable rates available.
A&N Electric Cooperative
A&N’s TOU plan comes with an off-peak rate of $0.04 per kWh year-round and on-peak rates of $0.31 in the summer and $0.16 in the winter. The on-peak period lasts from 6 a.m. to 8 a.m. and 3 p.m. to 8 p.m. in the winter, and 3 p.m. to 8 p.m. in the summer.
Southern Maryland Electric Cooperative
As a member of the Southern Maryland Electric Cooperative, you can sign up for the utility’s TOU plan and pay only $0.07 per off-peak kWh through a dedicated meter exclusively for your EV charging. During the on-peak period, you’ll pay $0.16 per kWh in the summer and $0.15 per kWh in the winter.
In the winter, off-peak hours last from 12 a.m. to 6 a.m., 9 a.m. to 5 p.m., and 8 p.m. to 12 a.m. In the summer, you can save by charging during scheduled off-peak hours from 12 a.m. to 2 p.m. and 7 p.m. to 12 a.m.
Potomac Electric Power Company
The Potomac Electric Power Company offers a whole-home TOU rate with an on-peak price of $0.16 per kWh from 12 p.m. to 8 p.m and an off-peak rate of only $0.06 per kWh.
Potomac Edison
Through Potomac Edison’s EV Driven program, you can sign up for the utility’s TOU rate and earn $0.02 per kWh used during off-peak hours as a bill credit.
This bill credit is the equivalent of paying $0.07 per kWh from 11 p.m. to 6 a.m. From 6 a.m. to 11 p.m., you’ll pay $0.11 per kWh.
Delmarva Power & Light
Delmarva Power & Light is another Maryland utility that offers a TOU plan. With an off-peak rate of $0.05 per kWh and an on-peak rate is $0.11 per kWh, this is a great way to save even more on your EV charging.
The on-peak period lasts from 2 p.m. to 7 p.m. in the summer, and from 6 a.m. to 9 a.m. and 5 p.m. to 9 p.m. in the winter.
Baltimore Gas & Electric Company
If you’re a Baltimore Gas & Electric Company customer, you can sign up for the utility’s TOU rate and only pay $0.03 per off-peak kWh and $0.11 per on-peak kWh.
The on-peak rate lasts from 10 a.m. to 8 p.m. in the summer, and from 7 a.m. to 11 a.m. and 5 p.m. to 9 p.m. in the winter.
Public Maryland EV Charging Stations
Maryland is currently home to 1,700 EV charging locations, with plans to expand further. So far, the state has received over $12 million in NEVI funding to expand this network by adding 130 new sites equipped with Level 3 EV chargers, also known as DC Fast chargers.
How Many Public EV Charging Stations Are There in Maryland?
Maryland’s 1,700 EV charging locations offer over 4,900 ports, including 3,800 Level 2 ports and 1,012 DC Fast charging ports. Tesla Supercharger network also has a strong presence in Maryland, with 59 locations and a total of 531 ports.
How Much Do Public EV Charging Stations Cost in Maryland?
Maryland EV charging costs can vary depending on the network. For example, Delmarva Power & Light operates 100 chargers throughout the utility’s service area, charging $0.18 per kWh for Level 2 charging and $0.34 per kWh for DC Fast charging.
Maryland Transportation Authority in Baltimore and Annapolis follow the same pricing structure. At University of Maryland public charging will cost you $0.20 per kWh, while in Ocean City, rates range from $2 per hour for Level 2 charging to $4 per hour for DC Fast charging.
Are There Free Electric Car Charging Stations in Maryland?
Maryland offers a number of EV free charging stations across the state.
For example, the City of Hyattsville provides free Level 2 EV charging stations located at various city parking lots and the Columbia Mall offers free EV charging options as well.
Where Are Public Charging Stations Located for Electric Cars in Maryland?
You can find EV charging stations in Maryland, but there tend to be more options available in large cities throughout the state.
You can take a look at this map to locate EV charging stations in Maryland.
Electrification in Maryland
Stacking Maryland’s $3,000 EV tax credit with the state’s EV charger rebate program and any additional incentives your utility may offer results in significant savings.
Saving on your EV and EV charger purchases is just the beginning. On top of reducing your carbon footprint, driving an EV and charging at home will help you unlock long-term savings. To maximize these benefits, make sure to hire a certified EV charger installer.
As North America’s most trusted and largest network of certified EV charger installers, Qmerit is recommended by automakers, EV charger manufacturers, utilities, businesses, and homeowners alike. Rated #1 in customer satisfaction, our expert network has installed over 450,000 EV charging stations across the U.S. and Canada.
Discover how Qmerit is paving the way forward for residential EV charger installation and whole-home electrification solutions. Contact us today to find out how easy home electrification can be!