Published on June 13th, 2014 | by Chris Demorro2
Georgia’s EV Incentives Show Its About More Than Just Money
Many Western States offer cash incentives to EV buyers to get them in the door, but after that, they’re on their own. Georgia, however, offers not just a chunky tax credit, but access to HOV lanes, plentiful charging stations, and special rates for off-peak charging. It’s a success story that should be emulated.
The Wall Street Journal reports that Georgia offers EV buyers $5,000 on eligible vehicles, the same as California. Add to that the $7,500 Federal tax credit, and you have a $12,500 discount on the EV of your choosing. But wait, there’s more! EV owners can drive in HOV lanes, a big boon during rush hour. Georgia Power Co. offers a special off-peak charging rate of just 6-cents per kWh, meaning you could fully recharge the Nissan Leaf for less than a $1.50. Georgia also has a high number of public charging stations, which is why the Atlanta metro area has the second-highest number of EV registrations, after San Francisco.
If these incentives sound familiar, it’s because Norway offers many of the same benefits to EV buyers. Over there, it’s help make the Nissan Leaf and Tesla Model S best-selling vehicles, and while Atlanta seems like an unlikely contender for America’s EV sales crown, it goes to show how effective the right kinds of incentives can be.