2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: McClellan
Electric Vehicle Rebate Program

Item 121 #2s

Item 121 #2s

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Mines, Minerals and Energy FY2023 $40,000,000 FY2024 $40,000,000 GF

Page 104, line 47, strike "$34,315,826" and insert "$74,315,826".
Page 104, line 47, strike "$4,315,826" and insert "$44,315,826".

Page 105, after line 32, insert:

"F. Out of this appropriation, $40,000,000 the first year and $40,000,000 the second year from  the general fund shall be made available by the department for the provision of rebates to any qualified resident of the Commonwealth who purchases a new or used electric vehicle. In the implementation of the rebate program, a qualified resident who purchases a vehicle with a base price of not more than $55,000 shall receive a $2,500 rebate at the time of purchase. If the qualified resident of the Commonwealth has a household income that is less than or equal to 300 percent of the Federal poverty guidelines, that resident shall be eligible for an enhanced rebate of an additional $2,000."


(This amendment provides $40.0 million GF in each year of the biennium to establish an electric vehicle rebate program.)