Bill will unplug Georgia's $5K electric vehicle tax credit
Given that it's the most generous credit currently available in the USA - Colorado is the only other state which has a credit valued at a similar amount - and that Atlanta is currently one of the hottest markets for the LEAF, this could certainly put a damper on overall sales.
That said, the current rebate does appear to be overly generous.
Which brings up a question - why isn't the LEAF selling in greater numbers in Colorado?
I personally despise the boom / bust cycles that these significant fixed amount subsidies generate. Subsidies like these should be designed to be phased out slowly over a period of time to give consumers and businesses time to adjust.
Similar cycles have been generated by the renewable energy PTC credit and I'm sure we'll see something similar when the $7500 EV federal tax credit goes away - not to mention the 30% tax credit available for solar PV.
If these incentives were designed more along the lines of the California Solar Initiative which was hugely successful and avoided significant boom/bust cycles as the solar PV incentive was gradually reduced as more solar PV was installed.
Given that it's the most generous credit currently available in the USA - Colorado is the only other state which has a credit valued at a similar amount - and that Atlanta is currently one of the hottest markets for the LEAF, this could certainly put a damper on overall sales.
That said, the current rebate does appear to be overly generous.
Which brings up a question - why isn't the LEAF selling in greater numbers in Colorado?
I personally despise the boom / bust cycles that these significant fixed amount subsidies generate. Subsidies like these should be designed to be phased out slowly over a period of time to give consumers and businesses time to adjust.
Similar cycles have been generated by the renewable energy PTC credit and I'm sure we'll see something similar when the $7500 EV federal tax credit goes away - not to mention the 30% tax credit available for solar PV.
If these incentives were designed more along the lines of the California Solar Initiative which was hugely successful and avoided significant boom/bust cycles as the solar PV incentive was gradually reduced as more solar PV was installed.