Electric vehicle rebate program; creation and funding, report. (HB1979)

Introduced By

Del. David Reid (D-Loudoun) with support from co-patrons Del. Mark Keam (D-Vienna), Del. Alfonso Lopez (D-Arlington), Del. Ken Plum (D-Reston), Del. Kathy Tran (D-Springfield), and Del. Rodney Willett (D-Henrico)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Electric vehicle rebate program; creation and funding; report. Creates a rebate program for the purchase or lease of new and used electric vehicles, to be administered by the Department of Mines, Minerals and Energy. A purchaser or lessee of an electric vehicle would receive a $2,500 rebate at the time of purchase, and a purchaser or lessee with an annual household income that does not exceed 300 percent of the federal poverty level would be entitled to an additional $2,000 rebate. The motor vehicle dealer where the vehicle is purchased or leased would receive a refund for the amount of the rebate and a $50 incentive payment for each rebate processed. Funds would be allocated from the revenues generated by the sunset of the Virginia Coal Employment and Production Incentive Tax Credit and the Coalfield employment enhancement tax credit and prohibit the allocation of new credits on and after January 1, 2021. The bill also establishes an Electric Vehicle Rebate Advisory Council to oversee the Electric Vehicle Rebate Program and to make recommendations regarding its implementation. The Director of the Department of Mines, Minerals and Energy is required to report annually to the Governor and the General Assembly regarding the Program. The Program will expire on September 1, 2026. Read the Bill »

Status

01/16/2021: Awaiting a Vote in the Finance Committee

History

DateAction
01/11/2021Committee
01/11/2021Prefiled and ordered printed; offered 01/13/21 21102817D
01/11/2021Referred to Committee on Finance
01/16/2021Assigned Finance sub: Subcommittee #3

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