Published on September 6th, 2012 | by James Ayre0
Puerto Rico Offers Excise Tax Breaks on Hybrids, Electric Vehicles
Puerto Rico is looking to increase the number of its citizens driving electric and hybrid vehicles by using a unique strategy. Because excise taxes are so common there, they are offering excise tax breaks for those purchasing a hybrid or EV.
Until 2016, anyone who buys an electric vehicle will get a 100 percent excise tax exemption. And anyone buying hybrids will receive a 65 percent exemption, up to a maximum of $8,000, through July 1, 2013.
That should stimulate some clean, green vehicle purchases.