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2025 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: Reid
EV Rebate Program

Item 109 #1h

Item 109 #1h

First Year - FY2025 Second Year - FY2026
Commerce and Trade
Department of Energy FY2025 $150,000 FY2026 $10,000,000 GF
FY2025 1.00 FY2026 3.00 FTE

Language
Page 123, line 13, strike "$4,766,189" and insert "$4,916,189".
Page 123, line 13, strike "$4,766,189" and insert "$14,766,189".

Page 123, after line 48, insert:

"F. Out of this appropriation, $150,000 the first year and $10,000,000 the second year from the general fund is provided for the Electric Vehicle Rebate Fund. Notwithstanding the provisions of § 45.2-1728, Code of Virginia, the moneys provided in this paragraph shall be used to provide $4,500 rebates to qualified residents and designated for residents with an annual household income at or below 300 percent of current U.S. Federal Poverty Guidelines. In awarding rebates from the Fund, the department shall to the extent practical, based on advertising and demand from constituents, allocate the funding equally across the state's 11 Congressional Districts. Notwithstanding the provisions of § 45.2-1733, Code of Virginia, the Electric Vehicle Rebate Program and Fund shall be extended until December 31, 2028. Any balances remaining the general fund at the end of the fiscal year shall revert to the general fund."



Explanation

(This amendment provides $10.2 million over the biennium for the Electric Vehicle Rebate Fund.)