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Impact of Eliminating the ZeroEmissions Vehicle Tax Credit on the Georgia State Economy

Impact of Eliminating the ZeroEmissions Vehicle Tax Credit on the Georgia State Economy

Full Title: Impact of Eliminating the ZeroEmissions Vehicle Tax Credit on the Georgia State Economy
Author(s): Robert F. Wescott, Ph.D., Katie Archer, and Cameron Egan
Publisher(s): Securing America’s Future Energy and The Electrification Coalition
Publication Date: February 1, 2015
Full Text: Download Resource
Description (excerpt):

Georgia currently offers a $5,000 tax credit to support the purchase of electric vehicles (EVs). The credit has played a significant role in boosting Georgia’s EV penetration rate to one of the highest rates in the country—1.9 percent of all light-duty vehicle sales in 2014. This study finds that the cumulative 5-year loss of state GDP in Georgia would be $107 million and the cumulative 16-year loss of state GDP would be $252 million, assuming that people who do not purchase EVs instead purchase conventional vehicles.

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