Published on September 6th, 2012 | by James Ayre0
Puerto Rico Offers Excise Tax Breaks on Hybrids, Electric Vehicles
September 6th, 2012 by James Ayre
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.
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