As 2019 draws to a close and a number of new electric vehicles are being introduced, would-be plugin motorists might want to double check which incentives are – and aren’t – available in Jacksonville.
At the top of the list is the federal government’s EV tax credit, which can reach $7,500. But there are caveats. The deal breaker for some may be that it’s a tax credit, not a tax rebate, which means it only applies to taxpayers who itemize.
The credit also depends on what model you choose. Once an automaker sells 200,000 plugin vehicles, the credit begins to sunset. Telsa and General Motors have surpassed the cap, meaning the amount that can be claimed on their plugin vehicles decreases each quarter.
It also depends on the size of the vehicle’s battery. The bigger the battery, the bigger the credit.
This federal website shows the credits currently available for each model.
For example, according to fueleconomy.gov, a $1,875 tax credit will remain available for the 2019 Chevrolet Bolt until March 31, 2020, while a $7,500 tax credit is available indefinitely for a 2020 Porsche Taycan.
And an extra warning for two-wheeler enthusiasts: The federal tax credit only applies to four-wheel passenger vehicles, such as cars and SUVs. It doesn’t not apply to electric motorcycles or scooters.
Locally, JEA offers an EV vehicle rebate, up to $1,000.
But like the federal incentive, the JEA local rebate progam also comes with caveats. It is only available “while funds last” and, like the federal program, only applies to certain electrified vehicles.
In the Terms and Conditions section of the JEA rebate application, it states:
Qualified electric vehicle is plug-in electric passenger type vehicle (all electric or hybrid) licensed to operate by Florida Department of Motor Vehicles…
When WJCT News reached out to JEA for additional clarification, spokeswoman Gina Kyle said, “The incentive program does not currently include electric motorcycles or scooters. At this time, it only includes four wheel electric passenger vehicles.”
WJCT News also asked how much money is left in the fund but had not received an answer by the time of this story’s publication.
For qualifying electrified vehicles with batteries under 15 kilowatt hours the rebate amount is $500. For qualifying vehicles with batteries 15 kilowatt hours or larger, the rebate amount is $1,000.
Sales of electric vehicles grew 63% between 2017 and 2018, according to IEA, with more than 5 million on the road globally at that time. The U.S. made up 39% of that total.
Harley-Davidson is now delivering its first LiveWires to customers, and Italian EV motorcycle maker Enerigica announced the largest batteries (21.5kw) in the EV motorcycle industry will be coming to market next year. And California-based Zero Motorcycles introduced its new SR/F this year.
On the automotive side, Ford announced in November that the all-electric Mustang Mach E is now available to order, with deliveries starting late next year, while Telsa announced its Cybertruck pickup less than a week later, saying production would begin in late 2021.
Other automakers have also been announcing and rolling out new electrified models.
In the U.S., more than 224 thousand EV and plugin hybrid vehicles have been sold through November 2019, according to estimates by InsideEVs.