Published on March 25th, 2014 | by James Ayre1
Proposal To Cut EV Tax Credits In Georgia Fails For The Year
March 25th, 2014 by James Ayre
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. :\
Image Credit: State Capitol of Georgia, Atlanta via Shutterstock