ATLANTA () – A proposed bill in Congress could eliminate Georgia’s electric vehicle tax credits and now heads to the United States Senate.
Recent figures from the Electrification Coalition indicate that Georgia has garnered over $24 billion in clean energy investments, resulting in 26,000 jobs within the electric vehicle and battery manufacturing fields.
The investment has sparked training programs in EV and battery workers in schools and colleges to create the next pipeline of workers.
Nonetheless, if the proposed bill is passed, it could lead to reductions in Georgia’s EV tax credits, significantly impacting the state’s clean energy sector – affecting everything from charging infrastructure to the production of components.
Anne Blair, VP of Policy at the Electrification Coalition, stated, “The bill included specific provisions for battery production, vehicle manufacturing, and component parts, establishing a robust framework for boosting EV parts and vehicle manufacturing. Now, these tax credits are at risk.”
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
