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2026 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Reid
Virginia Electric Vehicle Grant Fund and Program

Item 109 #4h

Item 109 #4h

First Year - FY2027 Second Year - FY2028
Commerce and Trade
Department of Energy FY2027 $5,000,000 FY2028 $0 GF

Language
Page 114, line 2, strike "$4,931,922" and insert "$9,931,922".

Page 114, after line 35, insert:

"F. Out of this appropriation, $5,000,000 the first year from the general fund is provided for the Virginia Electric Vehicle Grant Fund and Program. Notwithstanding the provisions of  § 45.2-1721 of the Code of Virginia, the funds provided in this paragraph shall provide a flat $500 rebate per eligible used electric motor vehicle purchased and registered in the Commonwealth on or after July 1, 2026. No rebates shall be issued for new vehicles, and no enhanced or income-based rebate amounts shall apply. Rebates shall be issued on a first-come, first-served basis, limited to one rebate per vehicle identification number (VIN), and only while funds appropriated under this paragraph remain available. The Department of Energy shall report to the Chairs of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations on program utilization, geographic distribution, average purchase price, and total expenditures on or before June 30, 2027."



Explanation

(This amendment provides $5.0 million in fiscal year 2027 from the general fund for the Virginia Electric Vehicle Grant Fund and Program, and makes several changes to the program to provide 10,000 rebates statewide.)