Georgia as a state has been making great efforts to promote the use of alternative fuels and advanced technologies and adopt clean transportation options. This includes offering tax credits and infrastructure support to electric vehicle buyers. In this blog, we will take a closer look at Georgia EV incentives, fees and funding opportunities related to electric mobility.
Georgia EV Incentives
Georgia’s U.S.-based state offers laws, incentives, regulations, funding opportunities, and initiatives relating to alternative fuels and electric vehicles. Georgia EV tax credits benefit individuals, businesses, and entities by supporting state incentives and infrastructure. The key incentives include:
1. Clean Vehicle Tax Credit
Some major takeaways of this clean vehicle tax credit are:
b) To qualify, ensure that the seller provides eligibility information at the time of sale and registers it online with the IRS; failure to do so disqualifies your vehicle.
c) The credit is available to individuals and businesses, with income requirements of $300,000 for married couples, $225,000 for heads of households, and $150,000 for others.
d) Use the lower of your modified AGI from the delivery year or the previous year; a credit below the threshold is nonrefundable and is calculated based on the service start date.
e) For vehicles in service from January 1 to April 17, 2023, the credit ranges from $2,500 to $7,500 based on battery capacity. Beginning April 18, 2023, new criteria apply for a potential $7,500 credit.
f) To qualify, the vehicle must have a battery capacity of at least 7 kWh, weigh less than 14,000 pounds. They should be manufactured by a qualified manufacturer, undergo final assembly in North America, and meet new criteria beginning April 18, 2023.
g) Certain vehicles must have an MSRP of no more than $80,000, where MSRP refers to the manufacturer’s suggested retail price excluding destination fees.
2. Electric Vehicle (EV) Charging Station Tax Credit
A qualifying business entity is eligible for an income tax credit when purchasing, leasing, and installing an approved EV charging station in Georgia. The Georgia EV tax credit amounts to 10% of the station’s cost, with a maximum credit capped at $2,500.
3. Alternative Fuel Vehicle (AFV) Conversion Tax Credit
A 10% income tax credit is available for costs associated with converting vehicles to natural gas, electricity, propane, or hydrogen, with a credit limit of $2,500 per vehicle. Converted vehicles must use only alternative fuels and meet the emissions standards set by the Board of Natural Resources for low-emission or zero-emission vehicles.
4. Electric Vehicle (EV) Charging Station Rebate
Upon discovering Georgia’s EV incentives, it’s noteworthy to learn about TVA’s Fast Charge Network Program. This initiative funds a network of direct current fast charging (DCFC) stations positioned every 50 miles along interstates and major highways. The program offers financial assistance to public stations that fill gaps in the EV corridor, providing up to $150,000 per DCFC station.
Eligible projects must include at least two DCFC ports per location. Participants agree to identify suitable host sites and to assume ownership, operation, and maintenance responsibilities for TVA-funded DCFC stations for a minimum of five years.
5. Electric Vehicle (EV) Residential Charging Station Rebate
Residential customers served by Georgia Power can receive a $250 rebate for installing Level 2 EV chargers between January 1, 2023, and December 31, 2023.
6. Electric Vehicle (EV) Time-Of-Use (TOU) Rate Incentive
Georgia Power offers a TOU rate incentive to residential customers who own an EV. Customers must have a smart meter that can measure EV charger usage separately to qualify.
7. Electric Vehicle (EV) Commercial Charging Station Rebate
Commercial customers served by Georgia Power are eligible for rebates on Level 2 EV chargers installed between January 1, 2023, and December 31, 2023. Each commercial customer is eligible for a $500 rebate per charger, with a maximum of five chargers allowed.
8. Electric Vehicle (EV) Infrastructure Support
Georgia Power assists commercial customers in installing charging stations, thereby assisting in the development of infrastructure for various vehicles. Georgia utilities, including Georgia Power, have pledged to establish efficient direct current fast charging (DCFC) stations along major U.S. highways as part of the National Electric Highway Coalition (NEHC).
NEHC members, including Georgia utilities, are focusing on avoiding redundancy in efforts, coordinating with existing DCFC locations. Also, they are implementing effective strategies for long-distance travel in electric vehicles (EVs).
AFV License Plate Georgia
After learning about Georgia EV incentives, do you know about AFV license plate benefits? Georgia’s rules for AFV license plates provide advantages, such as access to HOV and HOT lanes regardless of passenger count. This exemption is valid until September 30, 2025, and it applies to electric vehicles as well as bi-fuel/dual-fuel vehicles powered by natural gas or propane. Proof of full registration fee payment is required to secure the license plate.
Lane restrictions in the I-85 Express Lanes are enforced by the Department of Public Safety and include video enforcement, invisible barriers, and technology that ensures legal lane use. The I-85 Express Lanes cover approximately 16 miles in the northeast Atlanta metropolitan area. Features include toll-free for registered transit, carpools with 3 or more occupants, motorcycles, emergency vehicles, and AFVs with the proper license plate.
Solo drivers and vehicles with fewer than 3 occupants can use general-purpose lanes. They can also pay for a more reliable trip in the Express Lanes. To maintain free-flowing traffic, the Express Lanes exclude vehicles with 2+ axles and/or 6+ wheels, similar to HOV lanes.
Georgia Alternative Fuel Vehicle Fee
Commercial all-electric vehicles must pay $316.40 in annual licensing fees, while non-commercial vehicles pay $210.87. Plug-in hybrid electric vehicles and flexible fuel vehicles are subject to the same fees, as long as they possess an AFV license plate. Vehicles that run on electricity, natural gas, propane, or are bi- or dual-fuel are eligible for an AFV license plate. In order to acquire this license plate, the following fees must be paid.
- A $25 one-time manufacturing fee
- $20 annual registration fee
- $35 special tag fee
Ultimately, Georgia’s EV incentives and credits provide financial benefits for EV charging stations and conversion to alternative fuels. Additionally, the state offers toll exemptions for eligible alternative fuel vehicles, subject to specific criteria such as registration fees. For more EV related content, keep exploring our website.