MONTPELIER, Vt. - U.S. Representative Peter Welch (D-Vt.) unveiled a plan to make electric vehicles more affordable and accessible to Vermonters.
A press release says the Electric CARS Act will increase the maximum electric vehicle credit to $10,000 from $7,500. The bill will also allow the credit to be assigned to a dealer who can take advantage of the full credit.
“One of the biggest contributors to climate change in Vermont and across the country is vehicle emissions. It is essential that we transition to cleaner, more efficient transportation like electric vehicles,” said Welch. “The battery life and fuel efficiency of electric vehicles are steadily improving making them more accessible and practical to drive. This legislation will make them more affordable while saving Vermonters money at the gas pump and reducing their environmental footprint.”
The tax credit can be taken at the point of sale so the consumer doesn't have to wait until filing their tax returns.
The announcement was made at the Vermont Statehouse.