ATLANTA (WJBF) – A proposed bill in Congress could eliminate Georgia’s electric vehicle tax credits and now heads to the United States Senate.
According to the latest information from the Electrification Coalition, Georgia has received over $24 billion in investments related to clean energy, which has led to the creation of 26,000 jobs within the electric vehicle and battery production sectors.
The investment has sparked training programs in EV and battery workers in schools and colleges to create the next pipeline of workers.
Despite this, a proposed bill might cause a reduction in Georgia’s EV tax credits, potentially delivering a significant blow to the state’s clean energy market, impacting everything from the establishment of charging stations to the production of components.
“This initiative established important guidelines for the production of batteries, manufacturing of vehicles, and component parts, fostering a robust system to promote EV parts and manufacturing. Now, however, these tax credits face a risk,” explained Anne Blair, Vice President of Policy at the Electrification Coalition.
The Peach State is one of the top three states in the Southeast committing to electric school buses.
The tax credits on the chopping block include:
- $7500 for the purchase of a new electric vehicle
- 30% tax credit for a single item up to 100-thousand dollars
- $7500 for the purchase of eligible commercial EV
- $4000 for the purchase of an eligible used EV
