It looks like Georgia’s generous electric vehicle tax credit will live to see at least one more year, based on recent reports — as the state’s legislature ran out of time before voting on the proposed bill to scrap the credit.
Just a couple of weeks ago, state Rep. Chuck Martin (R-Alpharetta) proposed bill HB 257 — essentially just a scaling back of Georgia’s generous EV tax incentives. But, now — thanks to the relatively inefficient nature of the US law-making process — it looks as though those tax credits will be around for at least one more year. 🙂
Good thing, too, since they no doubt have a great deal to do with the high rate of EV adoption in the southern state. Impressively, around 1% of all the new vehicles purchased in Georgia in 2013 were battery-electric — not bad at all, when you consider the area.
The proposed bill would have put a cap on the aggregate annual amount given out under the program — anyone who purchased an EV after the first $10 million were accounted for would have been out of luck. That’s not that many vehicles when you think about it — a couple thousand at the most.
Good thing the tax credit will be around for at least one more year. I’ve got to say, though, I wouldn’t necessarily count on it being around in 2015 — so anyone in the area looking to purchase an EV might want to get it done before the end of 2014. :\
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Image Credit: State Capitol of Georgia, Atlanta via Shutterstock
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