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The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South Korean automaker and a partner announced last ...
These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). [1] The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included.
Incentives may also vary based on how well the car in question performs in these “green” categories. [8] For example, the buyer of a Tesla Roadster , a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [ 9 ]
Vehicles must be purchased or leased on or after March 15, 2010. Rebates initially of up to US$5,000 per light-duty vehicle, and later lowered to up to US$2,500, are available for individuals and business owners who purchase or lease new eligible vehicles. Certain zero-emission commercial vehicles are also eligible for rebates up to US$20,000.
In July 2021, the government offers rebates via the Electric Vehicle Common Charger Grant for charging station installations equivalent to 50% of the cost of installation, capped at S$4,000 for 2,000 charging stations. [2] The grant expires on 1 January 2024 or when grants for 2,000 chargers had been awarded. [2]
Not all states offer these rebates, a map of the status of each state can be found here. Home appliance rebate. Some states offer a rebate of up to $14,000 for energy-efficient home appliances ...