Atlanta Electric Vehicle Development Coalition

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Adding 30,000 EVs to Georgia Roads adds $914 Million in economic benefit over next 3 years!

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Are Georgia Legislators missing a $900 Million opportunity by maintaining an EV Tax Credit?

Atlanta Electric Vehicle Development Coalition

An independent economic analysis undertaken by the Atlanta Electric Vehicle Development Coalition shows that adding 30,000 new EVs (BEV and PHEV) to Georgia roads versus only 12,750 if the $5,000 tax credit is eliminated over the 2016-2018 Fiscal Years the would benefit the Georgia state economy by $914.3 million as follows:

1). $845 million in incremental sales revenues:  Using a constant $47,000 EV selling price  generates $1.5 Billion in sales revenues for 30,000 new EVs vs. only $600 million if just 12,750 new EVs are sold with the elimination of the $5000 ZEV tax credit. Deduct another $75 million for the $2,500 EV tax credit/10,000 per year/3 year tax incentive lifeand the net is $845 million in higher auto dealer sales for EVs with a $2,500 capped EV tax credit.

2).$63 million in incremental Ad Valorem tax collection:  the EV higher sales price and higher EV sales (30,000 vs 12,750)…

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Author: Jeff Cohen, Founder, Atlanta Electric Vehicle Development Coalition and Georgia EVentures, LLC

I am an "EVangelist" who wants you to experience the joys of driving and owning electric vehicles. I currently own a 2015 Tesla Model S 60, and have owned/leased a 2015 Nissan LEAF and 2013 and 2014 Chevrolet VOLTs. I maintain two Wordpress blogs: an EV information focused blog (AtlantaEVDC.com) and an EV Rental blog (gaeventures.com) and Facebook page (facebook.com/gaeventures) and three Twitter Sites: @JBCMKTR (personal), @AtlantaEV and @GAEVentures and JBCMKTR on Instagram.

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