In the wake of the weak percentage of consumers who are purchasing electric cars, a group of 8 states have stepped to the plate to help stimulate the sale of these “sustainable” vehicles. The two largest states promoting this initiative include New York and California. Cumulatively, the 8 states represent more than a quarter of the consumer market which is pretty significant. Their proposed initial solutions focus on making it easier to own an electric car: easing charging station build requirements and making it a requirement for some buildings to have charging capabilities. The end goal is to sell 3.3 million electric vehicles by 2025 with California pledging 1.5 million of the goal.
So what type of buildings will they require to have electric-car-charging capabilities?
Well, if you live in Palo Alto, California – an already tech and environmentally-friendly city – and you want to build a new home you’ll have to outfit it with a Level 2 EV charger. Sound expensive? Apparently it will only add another $200 to building costs for the homeowner, which is a steal considering it costs nearly 4-times as much to retrofit an existing home without one. Other mandatory new builds include work facilities and apartment complexes.
Aside from forcing the increased availability of charging stations, the states will include a variety of “free” incentives to encourage consumers to actually purchase the vehicles, including:
- Encouraging hydrogen fueling stations
- HOV lane access
- Reduced tolls
- Preferred parking
- Tax credits
Tesla motors currently offers a $7,500 US Federal Tax Credit to anyone who purchases one of their vehicles.
The states will further demonstrate their participation by purchasing electric cars for their own fleets.
Aside from the environmental benefits, why are these states hard-pressed to convince consumers to purchase more electric vehicles? It turns out that since the release of hybrid and 100% electric vehicles 3 years ago only about 140,000 ever sold with approximately 1/3 being sold in 2012 alone. The trend is increasing but many people are turned off by their limited range and high upfront costs
Oh, and if you’re wondering, here’s the full list of states putting their green leg forward to join the initiative: California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont. The contract should be completed and signed within 6-months and is not binding, meaning any state can opt out at any time. A few of these states helped place tighter emission standards in the 90’s. Here’s to forward thinking…