Downtown Atlanta, Georgia
Downtown Atlanta, Georgia

Saving the $7,500 Federal Tax Credit

By Bill Moore

Mayors from 22 American cities, including Atlanta, signed letter asking the Republican-controlled US Congress to preserve the federal tax credit for electric and plug-in hybrid cars, and helping lead that effort is Stephanie Stuckey, Atlanta's Chief Resilience Officer.

Once upon a time, the city of Atlanta and the state of Georgia occupied the top position in Nissan LEAF sales of any US city, largely due to a $5000 state sales tax credit that, together with the $7,500 federal tax credit, made buying or even leasing an electric car an affordable option for lots of people in the state, including a few attorneys at the law firm of Arnall Golden Gregory.

Then a certain state senator decided the sales tax credit was depriving the Georgia of too much revenue and eventually succeeded in getting a rider inserted into a omnibus revenue bill that killed it. With the credit gone, sales of electric cars, especially the Nissan LEAF, plummeted. Georgia suddenly dropped out of the top ten EV market list in America.

Twenty-two city mayors and now some fifty US companies, fear the same thing will happen to EV sales nationwide if the Republican controlled Congress in Washington, D.C. eliminates the federal tax credit on electric cars. In response, a coalition including the Electrification Coalition and Securing America's Future Energy, along with nearly two dozen city mayors petitioned Congress. Helping draft that letter was Atlanta's Chief Resilience Officer, Stephanie Stuckey.

Ms. Stuckey, who was just named one of Georgia's 100 Most Influential citizens, sat down with EV World to talk not only about the letter her staff co-authored but also about Georgia's efforts to reinstate the EV sales tax credit, as well as reduce the EV licensing fee the state imposes, measures that are building bi-partisan support, especially since the Republican sponsor is also a Tesla owner.

Will Congress preserve the federal tax credit? It's looking hopeful, though a lot of critics find the entire "tax reform" measure a huge give away to wealthy political donors, one that will add more than a trillion dollars to the federal debt. So much for fiscal responsibility.

You can listen to the entire 25-minute discussion using the built-in player below or by downloading it to your favorite MP3 device.

Times Article Viewed: 9380
Originally published: 14 Dec 2017


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