Maryland sets up EV Recharging Equipment Rebate Program

Maryland sets up EV Recharging Equipment Rebate Program

A Maryland bill effective July 1 (HB 1345/SB 908) replaces the state income tax credit for installation of electric vehicle recharging equipment with a rebate. Under the Electric Vehicle Recharging Equipment Rebate Program, a business, individual or government unit may apply to the Maryland Energy Administration (MEA) for a rebate of a portion of the costs of purchase and installation.

The bill also extends the excise tax credit available to buyers of electric vehicles, to $125 times the number of kilowatt hours of battery capacity of the vehicle or $3,000, whoever is less. Last, the bill requires the MEA to report to specified legislative committees on EV ownersê contributions to the Transportation Trust Fund for construction and maintenance of roadways in the state.