An Act To Provide Purchase Rebates for Battery Electric Vehicles
Sec. 1. 35-A MRSA §10124 is enacted to read:
§ 10124. Electric Vehicle Rebate Fund
(1) Is sold or offered for sale in new condition by its original equipment manufacturer or an authorized licensee of the original equipment manufacturer;
(2) Has a manufacturer's suggested retail price of not more than $50,000; and
(3) Is listed by the trust in accordance with subsection 4.
Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.
EFFICIENCY MAINE TRUST
Electric Vehicle Rebate Fund N295
Initiative: Provides one-time funding to support direct rebates to purchasers of eligible electric vehicles from the Electric Vehicle Rebate Fund established in the Maine Revised Statutes, Title 35-A, section 10124.
|GENERAL FUND TOTAL||$0||$500,000|
This bill establishes an electric vehicle rebate program to be administered by the Efficiency Maine Trust that, beginning July 1, 2020, allows a person who purchases or leases an eligible battery electric vehicle to apply for and, as resources allow, receive a direct rebate of $2,500 if the person meets certain eligibility criteria. The bill also provides a General Fund appropriation of $500,000 to support the direct rebates to be made available under the program.