Bill > HB1391

This bill, the Clean Cars Act of 2022, proposes several changes to the vehicle excise tax credit for the purchase of certain electric vehicles and zero-emission heavy equipment property. The key provisions include: 1. Establishing a Medium-Duty and Heavy-Duty Zero-Emission Vehicle Grant Program, which will provide grants of up to 20% of the cost of qualified medium-duty or heavy-duty zero-emission vehicles, related supply equipment, or zero-emission heavy equipment property. 2. Decreasing the maximum total purchase price for the electric vehicle excise tax credit from $63,000 to $55,000 ($50,000 for plug-in hybrid electric vehicles). 3. Reducing the vehicle excise tax credit amounts, with credits ranging from $1,000 for two-wheeled zero-emission electric motorcycles to $5,000 for zero-emission heavy equipment property. 4. Requiring the Governor to include appropriations of at least $1 million and $750,000 in the annual state budget for the grants related to medium-duty/heavy-duty zero-emission vehicles and zero-emission heavy equipment property, respectively, from fiscal years 2024 through 2027. 5. Transferring funds from the Strategic Energy Investment Fund to the Transportation Trust Fund to offset the reduction in revenue from the vehicle excise tax credits, with a cap of $8.25 million per fiscal year from 2024 through 2027.

Budget and Finance, Government Affairs, Transportation and Infrastructure

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1391?ys=2022RS