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This makes them a cleanalternative to traditional fossil fuel-powered vehicles and even battery electric vehicles (BEVs), which can have significant environmental costs associated with battery production and disposal. One of the most significant selling points is their environmental impact.
It takes into account any travel by people in your household — from daily commutes by car to longer trips by plane — the size and energy efficiency of your house, the food you eat and the types of items you purchase. Plus, the U.S. government is offering incentives in the form of tax credits for businesses that adopt EVs.
How Tax Credits for EV Charging Stations Work Most consumers are aware of tax credits for individual electric-vehicle purchases, but many business owners may not be aware of similar (and larger) credits for electric-vehicle supply equipment (EVSE). Washington state offers tax credits for up to 50% of the costs of equipment and related costs.
The California Air Resources Board launched a $20 million funding assistance program designed to spur the purchase of hybrid trucks and buses that reduce smog-forming pollution and address climate change. ARB created the financial incentive program from AB 118 funding to help Californians purchase cleaner, but more costly hybrid vehicles.
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