Georgia EV & Hybrid Tax Credits & Rebates
With the recent surge of stylish and riveting electric-powered vehicles on the road nowadays, there are plenty of reasons to invest in an electric vehicle. You can add possible tax credit and rebates to that list. In this article, we explore some of the cash-saving incentives available to Georgia residents who purchase a new electric or hybrid vehicle.
[ Read More: How Far Can the Ford F-150 Hybrid Go on One Tank of Gas? ]
Georgia State Incentives on Hybrid Vehicles
There are currently no state incentives in Georgia for purchasing an electric vehicle. Interestingly, Georgia used to have one of the largest state EV tax credits in the United States. In 2015 the state legislature repealed the $5,000 income tax credit, which was available for the purchase or lease of new pure-electric vehicles. Legislators are mulling over plans to reinstate tax credit incentives on new electric, zero emission, and plug-in hybrid electric vehicles in coming years.
EV Charger Install Rebate: Georgia Power customers may be eligible to receive up to a $250 rebate for installing a Level 2 Charger in their home. Interested parties can visit the Georgia Power website for more details.
Federal Incentives on Hybrid Vehicles
Drivers who purchase a new electric or plug-in hybrid vehicle may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle.
Test Drive Hybrid Vehicles in Atlanta, GA
On top of cutting fuel costs, hybrid and plug-in hybrid vehicles are environmentally friendly and require less maintenance than their gas-powered counterparts. Interested parties are encouraged to visit the Akins Ford dealership to find and test drive vehicles in the Atlanta metropolitan area.