Monday, May 5, 2014

CA, MD Extend EV/PHEV Credit Programs, Federal Credit Increase May Follow

2014 Honda Fit EV

EV and PHEV owners in California and Maryland will be able to enjoy credits for the foreseeable future for going green, while one representative in Congress wants to up federal tax credits to $10,000.

Autoblog Green reports the success of the California Air Resources Board's credit program has resulted in a funding expansion of $25 million through the end of the state's fiscal year in late June. Those seeking rebates on their EV or plug-in purchases will be put on a list, and should receive either their $2,500 EV or $1,500 PHEV credit by the end of September.

Over in Maryland, a provisional bill awaiting Governor Martin O'Malley's signature will extend the state's credit program for three years through the end of June 2017. In addition, the maximum credit offered will be increased to $3,000 from $1,000 for PHEV owners.

Finally, U.S. Representative Peter Welch of Vermont is preparing to propose legislation that would boost the federal tax credit from $7,500 to $10,000, which he believes will also make owning an EV more affordable to middle-income consumers. Welch will introduce the legislation upon return to Congress.



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