US states take different roads when encouraging residents to buy electric vehicles
Statistics from the National Renewable Energy Laboratory with data from Experian Information Solutions, last updated in June 2021, showed that California was leading the way in terms of number of electric vehicles registered. California had 1,072 electric vehicles registered for 100,000 residents. The next states in the top five were Washington (648 vehicles per 100k), Oregon (533 vehicles per 100k), and our home state of Colorado at 433 vehicles per 100,000 residents. US states take different roads when encouraging residents to buy electric vehicles.
Just as 2022 started, the Oregon Department of Environmental Quality has changed the state’s Clean Vehicle Rebate Program. Low- and moderate-income households may now claim double the money, i.e., $5,000, to buy or lease a new or used battery electric or plug-in hybrid vehicle. Previously, the Charge Ahead Rebate was $2,500. What is more, with the changes that came into effect on 1 January 2022, the Charge Ahead rebate can be combined with the Standard Rebate for up to $7,500 so that those switching to low-emission vehicles can claim up to $12,000.
In Colorado, residents can claim an added state tax credit of $2,500 when they buy an electric vehicle. The credits will decrease here every few years from $2,500 during January 2021 – 2023 to $2,000 from 2023-2026.
Will this widen the gap between the two states? Follow us as we monitor the impact of various approaches.