After being in place for only a year, a tax incentive bill for purchasing an electric vehicle that people living in Georgia were able to enjoy has not been renewed. The law had a substantially positive impact on the electric vehicle market in the state of Georgia, as is evidenced by the fact that the number of electric vehicles registered between Mar. 2013 and Mar. 2014 going from 1,469 to 10,482.
If you are wondering, that’s more than seven times as much registered electric vehicles than there used to be, and Georgia had the second-most amount of registered electric vehicles of any state in the country, behind only California’s impossibly large lead which was at over 75,000 during this time frame.
The bill was allowed to end on Jul. 1, 2015, and it gave people who purchased and registered electric vehicles in Georgia a $5,000 boost to their Georgia state tax returns. And as positive of an impact such an incentive can have toward helping Atlanta’s air quality problem, lawmakers claimed that the program was costing too much money to keep it running as noted by the Transportation Funding Act of 2015.
Still, although it is easy for politicians to point at the millions being spent on this electric vehicle tax incentive and make claims that it’s not worth the cost, this cancelling of alternative energy rebates and credits is simply standard operating procedure when it comes to red states. The most notable revocation of late being the Louisiana solar tax credits which were pulled off the shelf two years before they were originally supposed to finish. This being the case, it should not come as any kind of surprise that that Transportation Funding Act of 2015 was backed by Republicans and passed with nary a bump to slow it down in the highly conservative Georgia House and Senate.
So while Republicans do everything in their power to continue helping big oil at every turn (something which is absolutely impossible to deny after the 2010 Gulf of Mexico Deepwater Horizon oil spill or their ridiculous attachment to the Keystone XL pipeline), auto dealers in Georgia are likely going to see sales drops from high hundreds every month to under one hundred.
The reasoning they give for ending the incentive is irrelevant at this point – the fact of the matter is that they simply let it die a fast death, and that’s equally seen as good news by many as others see it as a bad thing.