Georgia takes another step towards killing EV incentives
State Would Spend Hundreds of Millions Of Dollars Funding Perk, Some Say
Georgia's House Bill 122, which would eliminate the state's tax credit towards electric-vehicle purchases, made its way further through state legislation earlier this week, the Atlanta Journal Constitution reports. The bill, sponsored by Chuck Martin (R-Alpharetta), was thought to be dead but it was instead tabled in what the AJC calls, "curious circumstances."
The issue is the $5,000 worth of credits Georgia gives to each EV buyer. Some estimates say the state will pay $628 million in EV tax credits between 2016 and 2020, hence the effort by Martin to squash the perk. Last year, Martin wrote a bill that would put a limit on the number of EVs receiving the state tax credit to about 2,000 units a year. Lawmakers ran out of time before being able to vote on it, so Martin has continued to bang the drum that EV incentives amount to wasted funds. In this latest move, the curious part, "after the bill was un-tabled it quickly passed by unanimous voice vote. No Democrats were present," the AJC writes.
Earlier this year, plug-in vehicle advocacy group Plug In America went on record calling upon legislators to protect the EV incentive. The group argued that every Georgia EV accounts for a "refueling" surplus of more than $2,200 a year via the amount paid to state utilities recharging vehicles vs. money towards foreign oil.
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