CA, MD up EV incentives; US Rep wants tax credit increased to $10,000
#1
05-04-2014, 12:30 PM
CA, MD up EV incentives; US Rep wants tax credit increased to $10,000
Filed under: EV/Plug-in, Legislation and Policy, USA
Advanced-powertrain vehicle advocates in California and Maryland can rejoice over a chilled glass of Napa Valley's finest white wine and a heaping plate of Baltimore's best crab cakes. That's because both states will continue to make life a little financially sweeter for plug-in vehicle drivers. It's a short-term fix for California but potentially longer-term for Maryland.
The Golden State, which ran out of funds for its zero-emission and plug-in vehicle incentives earlier this month, has cleared another $25 million to take care of vehicle-rebate applicants through June 30, the end of the state's fiscal year, according to the California Air Resources Board (CARB). California provides a $2,500 incentive for zero-emissions cars and $1,500 for plug-in hybrids.
As for Maryland, on April 7, that state's General Assembly passed a provision (the governor still needs to sign it into law) that extends an electric-vehicle tax credit by three years to June 30, 2017. The law would also boosts the maximum possible plug-in vehicle incentive to $3,000 from $1,000. Additionally, the tax credit for plug-in vehicle recharging stations would increase to $900 for individuals and $5,000 for businesses from the current $400. Read Maryland's details here and check out CARB's statement below.
On the national level, the current maximum tax credit of $7,500 could be increased to $10,000. At least, that's what will happen if Vermont Representative Peter Welch follows through on his plan to propose such an increase and it gets voted into law. Granted, there are a lot of "ifs" and "maybes" involved, but it's something to keep an eye on.Continue reading CA, MD up EV incentives; US Rep wants tax credit increased to $10,000
CA, MD up EV incentives; US Rep wants tax credit increased to $10,000 originally appeared on AutoblogGreen on Sun, 04 May 2014 15:27:00 EST. Please see our terms for use of feeds.
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Advanced-powertrain vehicle advocates in California and Maryland can rejoice over a chilled glass of Napa Valley's finest white wine and a heaping plate of Baltimore's best crab cakes. That's because both states will continue to make life a little financially sweeter for plug-in vehicle drivers. It's a short-term fix for California but potentially longer-term for Maryland.
The Golden State, which ran out of funds for its zero-emission and plug-in vehicle incentives earlier this month, has cleared another $25 million to take care of vehicle-rebate applicants through June 30, the end of the state's fiscal year, according to the California Air Resources Board (CARB). California provides a $2,500 incentive for zero-emissions cars and $1,500 for plug-in hybrids.
As for Maryland, on April 7, that state's General Assembly passed a provision (the governor still needs to sign it into law) that extends an electric-vehicle tax credit by three years to June 30, 2017. The law would also boosts the maximum possible plug-in vehicle incentive to $3,000 from $1,000. Additionally, the tax credit for plug-in vehicle recharging stations would increase to $900 for individuals and $5,000 for businesses from the current $400. Read Maryland's details here and check out CARB's statement below.
On the national level, the current maximum tax credit of $7,500 could be increased to $10,000. At least, that's what will happen if Vermont Representative Peter Welch follows through on his plan to propose such an increase and it gets voted into law. Granted, there are a lot of "ifs" and "maybes" involved, but it's something to keep an eye on.Continue reading CA, MD up EV incentives; US Rep wants tax credit increased to $10,000
CA, MD up EV incentives; US Rep wants tax credit increased to $10,000 originally appeared on AutoblogGreen on Sun, 04 May 2014 15:27:00 EST. Please see our terms for use of feeds.
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