For Immediate ReleasePress Contact: Marna Schwartz, Community Outreach Specialist, Office of Energy and Sustainable Development, (510) 981-7473
ELECTRIC CAR TAX BREAKS AND REBATE SET TO EXPIRE
Berkeley, California (Monday, September 09, 2013) - Even as more electric cars appear all over Berkeley, two key tax incentives are set to expire soon.
The expiring federal tax credits for installing electrical vehicle charging stations, either at home or at work, must be taken advantage of by Dec. 31.
The price of waiting can be high. A homeowner who waits until the New Year could lose out on up to $1,000 in tax credits. For a business, the amount reaches $30,000.
If you’re a business interested in the electrical vehicle charging station tax credit, see the Alternative Fuel Infrastructure Tax Credit. To speed the process, Berkeley has a streamlined permit system for businesses wanting charging stations in their parking lots.
Homeowners can learn about their potential credit for installing a charging station at Alternative Fuel Infrastructure Tax Credit. Information about the City’s quick, over-the-counter permit process for home charging stations is available online at residential electrical vehicle charging.
Those credits can be combined with other electric car incentives. The state offers a $2,500 rebate for buying or leasing an electric vehicle, but funding for that program, too, is expected to run out by the end of the year. Information on how to apply for the state rebate is at California Clean Vehicle Rebate Project. A federal tax credit can provide an additional $2,500 to $7,500 for the purchase or lease of an electric car.
Berkeley has approximately 70 electric charging stations at homes and parking lots, including a speedy new charging station at the public Center Street Garage. The City supports electric vehicles and charging stations – in addition to public transit, bicycling and walking – as a way to achieve its Climate Action Plan goals.