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ATLANTA (WJBF) – A proposed bill in Congress could eliminate Georgia’s electric vehicle tax credits and now heads to the United States Senate.
New data from electrification coalition shows Georgia has seen more than $24 billion in clean energy investments and 26,000 jobs in the electric vehicle and battery manufacturing sectors.
The investment has sparked training programs in EV and battery workers in schools and colleges to create the next pipeline of workers.
However, if this bill goes through, it could mean Georgia’s EV tax credits could be cut and severely hurt the state’s clean energy industry – everything from charging stations to manufacturing parts.
“It added some specific guardrails on battery production, manufacturing of vehicles, the component parts, and those set up a good system to help drive manufacturing for EV parts and EV manufacturing and now those tax credits are under threat,” said VP Policy, Electrification Coalition, Anne Blair.
The Peach State is one of the top three states in the Southeast committing to electric school buses.
The tax credits on the chopping block include:
- $7500 for the purchase of a new electric vehicle
- 30% tax credit for a single item up to 100-thousand dollars
- $7500 for the purchase of eligible commercial EV
- $4000 for the purchase of an eligible used EV