Federal and State Incentives for Plug-Ins, EV's

Its great!..get it while it lasts...believe there is some move by your Gov to reduce it...in northern Virginia we would charge you $5000 tax and a PiP (over 10 years), in WV they give you $7500. Just incredible. Not sure I would consider either state enlightened, however.

Now I see above post - Party Over in WV ...congrats to those who got it!

 

Thanks for advising...had not heard outcome...could not convince my WV relatives to buy a PiP. Oh well, we're down to PA now in Northeast with $1000 credit. Maryland just lost their PiP credit (~$2000) too.

 

To sum up the recent action:

IN the Northeast, we have now lost our two best PiP incentives states (Maryland was $2000 and West Virginia was $7500). Worse yet, Virginia has added a disincentive of a $64/yr hybrid car fee. We are left with only Pennsylvania with $1000 PiP credit (I am hoping we still have PA). We also have Delaware at 0% sales tax looks like a wonderful place to buy a PiP, compared to Virginia where you could pay up to $5000 taxes on the base PiP over 10-yrs, if you live in NoVA.

On the West coast, presumably the CA PiP $1500 tax credit is still good, but we waiting for word on the PiP HOV access. Any word on HOV? Oregon you are good for a $1500 tax credit on Prius regular and PiP. I am thinking Colorado is like Oregon with credits to Prius regular and PiP, but no one from CO has ever chimed in to verify, to my knowledge.

After that I am out of ammo...any other states have Prius or PiP tax credits?

The direction I am heading is to quantify total state taxes for PiP and Prius vs. non-hybrids, so you can see if your state tax policy penalizes or rewards hybrids.

 

Sorry, bummer...that happened to many of us during the original Hybrid rebates in 2006, that original credit was harder to actually realize on FORM 1040.

 

...on the CA HOV situation, isn't there some uncertainty on how many years forward PiP can use the HOV lanes?

 

They need to step up the pace of approval, right? This may be impacting PiP sales as ending 2014 may not be enough HOV incentive.

Re: Oregon- I am trying to re-establish Oregon incentives. We had some out-dated info about $1500 tax credit for PiP and Prius which actually ended in 2010. The State had the hybrid credit form still available so some folks thought it was still active. Although you may be able to claim if you purchased before 2010.

Plug-in-America shows $750 incentives for Plug-ins in OR...does this apply for PiP?

 

I agree with you (about appearance of conspiracy) in the loss of PiP credits in the Northeast. I do wonder if there is some lobbying, but also there was a Convention of State Governors in Washington DC a month ago, around the time that Virginia implemented the hybrid fees. I do think there is communication by the neighboring Governors to discuss policy with the border states. Immediately after the gov meeting, MD Gov. O'Malley said he would implement some changes just like VA (go with wholesale gaso tax vs. cents per gal and MD will also use internet sales tax, when passed, for roads) however O'Malley said he would not tax hybrids, and quite opposite to Virginia, Maryland is meeting road funding needs with a substantial round of gasoline tax increase over the next 5 years. VA opted to reduce gaso tax and meet needed road funding by increasing sales tax on Northern VA only - basically bifercating VA into high tax blue and low tax red regions of the state - sounds unfair, but it works for us (VA is a disfunctional state to some extent).

I actually think your WV Gov did the right thing, as the $7500 state credit was just bad policy maybe even a mistake. However, I was not expecting him to totally wipe out the program. To be honest I am not a big fan of subsidies either. But if I was Gov and the prior Gov had thought this was a good idea, I wouldn't just kill it, I'd fix it. I am a legislative conservative, which means I am not on some vendetta to reverse the prior guys accomplishments.

 

^^^yes it's good to find a common ground these days