California adds $25 Million to it Clean Vehicle Rebate Program wait-list
With fiscal year 2013-14 rebate funds depleted, California’s Clean Vehicle Rebate Program (CVRP) started accepting rebate reservations. On Friday, April 26, the California Air Resources Board authorized another $25 million for the wait-list, bringing the total to $30 million. The Board expects this additional funding to carry the program through the end of its 2013-14 FY (June 30, 2014).
- The 2013-14 eligibility criteria and rebate amounts will remain in effect through June 30, 2014 and rebates will be issued at the end of September.
- The Board meets again in June to consider several proposed changes to next year’s CVRP rebate eligibility rules, in order to reduce the program’s funding needs for FY 2014-2015.
Colorado offers charging station grants to businesses and non-profits
On April 11, Colorado’s Governor signed SB 33 which authorizes the Electric Vehicle Grant Fund to provide up to $6,260 to Colorado businesses and non-profits to install Level 2 and 3 electric vehicle charger stations. Prior to passage of SB 33 such grants were available only to multi-family apartments and local governments.
Maryland overhauls its EV incentive programs
On April 7, the Maryland Assembly passed HB 1345 which, if signed by the governor, would make the following changes to its EV incentive programs:
- EV Charging Equipment Rebate. Replace Maryland’s current $400 tax credit with a rebate program offering rebates of up to $900 for individuals and up to $5,000 for businesses, subject to an overall fiscal year cap of $600,000. Changes would be effective through June 30, 2017.
- Electric Vehicle Tax Credit. Extend the expiration date from June 30, 2014 to June 30, 2017 and raise the maximum credit from $1,000 to $3,000. These changes would take effect on July 1, 2014.
Barry Brents is a tax attorney, specializing in US and state tax law.
His website, PlugIncentives.com, provides dealerships and consumers with the most up-to-date information about EV incentives. Follow PlugIncentives on Twitter for the latest updates on EV Incentives programs around the country.