USA Electric Vehicle Incentives Explained
Posted by Tom Lee on
There is often much confusion surrounding AFVs (Alternative Fuel Vehicles) and their incentives. Many utilities, federal, state, and local governments –even some employers- are all offering rebates and incentives for Plug-Ins, Hybrids and more. Here is a look at what I see as the top updates to the federal incentives in 2013 in the USA, as well as some resources that can benefit the average consumer.
Alternative Fuel Infrastructure Tax Credit
Fueling equipment (including EV chargers) installed between 2006 and 2013 are eligible for a tax credit = 30% of the cost. Can be used per install site and $1,000 for personal insalls.
- You can find more information on the US Department of Energy webiste .
- You can download form 8911 Alternative Fuel Vehicle Refueling Property Credit.
Qualified Plug-In Electric Drive Motor Vehicle Tax Credit
Plug-in vehicles (using a traction battery and minimum of 4kWh battery) are eligible for $2,500 to $7,500 of credit. (Also available for 2 and 3 wheeled vehicles). You can find more information on the website of the US Internal Revenue Service.
Many regulations have been put in place requiring all government departments to create a Sustainability Strategy and begin reducing their Green House Gas emissions by certain percentages each year. Often times owning a fleet of EVs (Electric Vehicles) or any type of AFV helps to strike a balance on Sustainability reporting, which is why I predict many more EV fleets to come. Meanwhile, individual consumer adoption relies on eliminating all this confusion in the market.
Some similar incentives campains may also be in place in our country. Don’t hesitate to share it in the comments below!
February 22, 2013
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