4 ms·
Georgia (USA) had a very lucrative EV tax incentive: US$5000 on a purchase or lease. The city of Atlanta is perfect for such vehicles: commute under 50 miles, d
by ctdonath 9y ago
Georgia (USA) had a very lucrative EV tax incentive: US$5000 on a purchase or lease. The city of Atlanta is perfect for such vehicles: commute under 50 miles, desire to mitigate smog, temperature conducive to good battery performance. Result was a lot of people (myself included) leased a Nissan Leaf for 2 years at practically no cost[1]. This jumpstarted the EV market, persuaded installation of a LOT of chargers, and persuaded many people that EVs are a desirable option (if a bit more expensive up-front).
Eventually demand for the tax credit got so high, and revenue from gasoline taxes dropped enough, that the state dropped the incentive - going the other way even, charging a straight-up $200 annual tax on EVs for road use. The market for EVs evaporated (understandable, because no more free-for-2-years cars). The ripple effects from the artificial demand being abruptly cut off will affect the EV industry for long: people found them desirable, but expect them cheap.
I expect the EV market will eventually happen. They're very nice cars, and starting every day "topped off" is very convenient. Battery technology has progressed well, with enough money & interest to see it thru to seriously competing with petrol.
[1] - The net cost was $zero + upgrades, but it did require considerable cash flow to pull off: you had to lease a $36,000 car and get your credits at tax time - possibly years later. Atlanta has a good confluence of incomes, high-tech interests, and weather facilitating this.