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Welcome to MINI Electric! | Schomp MINI

Published on Aug 1, 2022 by Schomp MINI

Welcome to MINI Electric!

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Welcome to the world of MINI Electric! These brand-new electric MINIs offer electric feels with the same MINI thrills you’ve always loved. They’re designed to enjoy the same go-kart feeling and admire an iconic design with a MINI supercharged to work with your lifestyle! Switching to an electric MINI has several benefits, including:

  • Exceptional Driving Range: the electric MINI is designed for the everyday driver. A single charge allows you to drive to work, run errands and return home without needing another charge!
  • Charging Convenience: When it’s time to charge, you’ll find that charging your electric MINI is as easy as charging your phone. Just plug it in overnight at home, and it’ll be ready to hit the road in the morning. Or, if you need a little extra battery when you’re out and about, there are countless charging stations nearby at any time.
  • Cost Effective: Who doesn’t love saving money? Drive electric is typically less expensive than maintaining a traditional gasoline engine vehicle. Plus, with additional tax incentives, you can save even more.
  • Enjoy MINI Maintenance Program: Although your electric MINI will require less maintenance than traditional combustion vehicles, when you need it, it’ll be on us!

There are many reasons why switching to an electric MINI makes sense. For all of your MINI needs, the MINI Mobile App is always conveniently available to you. And it makes for easy charging when you’re out and about! A simple download on your phone is all that’s keeping you from all of these great features.

Plus, MINI has two electric models that you can choose from. The MINI Electric Hardtop is fully loaded with more standard premium features, making the drive even more fun than before. Or, the Countryman Plug-In Hybrid, which is the MINI Countryman you’ve always loved with a hybrid drivetrain. Explore both of our electric models today!

How the State of Colorado Rewards Electric Vehicle Buyers and Lessees

Most Coloradans wouldn’t pass up an opportunity to get or save as much as $5,000. It isn’t exactly chump change. That’s how much the State of Colorado is offering taxpayers if you purchase or lease a plug-in hybrid (PHEV) or battery electric vehicle (BEV). That’s in addition to up to $7,500 federal tax credit offered under the Inflation Reduction Act. It’s all part of a push to get people out of dirtier greenhouse gas-emitting vehicles and into zero-emissions vehicles.

Basic Information

Of course, terms and conditions apply – some in the “Duh!” category, but others less obvious. Here’s some top line info:

  • Individual taxpayers, estates, trusts and C corporations may claim the credit on each PHEV or BEV they purchase/lease; partnerships or S corporation members may claim the credits.
  • Vehicles must be new at purchase/lease and titled and registered in Colorado. Used vehicles are not eligible.
  • Manufacturer’s suggested retail price (MSRP) can’t exceed $80,000.
  • Lease agreements must initially be for at least two years and the credits go to lessees, not to lessors.
  • Vehicles must weigh 8,500 lbs. or less, have four wheels and be able to go at least 55 mph.
  • Vehicles must be powered “to a significant extent” by electric motors.
  • Batteries must have a capacity of at least 4 kWh and be capable of being recharged from external power sources.
  • Taxpayers who qualify for the credits and finance their PHEVs or BEVs can assign the credits at the time of purchase/lease to the financing entity; they won’t be able to subsequently claim the credits on their taxes. The financing entity can offer the buyers/lessees a cash payment, reduced price, reduced payments or other considerations.

There’s More

Colorado has actually made tax credits available for several years – the amounts have varied by year. And additional tax credits are coming for some vehicles beginning in January 2024 through December 2029. These credits are specifically targeted at vehicles with an MSRP under $35,000.

While the information outlined here provides the basics, it’s very important to do your own research and perhaps consult a tax expert – we are not offering tax advice. The rules, spelled out in (almost) clear language – it’s the government, after all – are spelled out in this publication. You could also take a look at Drive Electric Colorado for more information.

Xcel Energy Rebates

In addition, Xcel Energy is offering some of its residential household customers rebates for buying or leasing pre-owned or new EVs.

  • Qualifying households must have incomes equal to or below 60% of Colorado’s median income.
  • Qualifying households must be enrolled in a state financial assistance program such as the Low-Income Energy Assistance Program (LEAP)
  • Eligible EVs must be bought or leased from a Colorado auto dealership.

For more information, see the Xcel Energy EV Rebate website.

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