Maryland: 1,700 Residents Take Advantage of State’s $600 to $1,000 EV Excise Tax Credit
4 Y BY ERIC LOVEDAY
Back in 2010. only one electric vehicle was reportedly registered in Maryland.
Flip forward to the end of 2012 and that number rose to 657.
Today, it’s believed that over 1,700 electric vehicles are registered statewide.
The significant increase likely occurred for several reasons, but the primary pusher of sales is claimed to be Maryland’s excise tax credit, which provides buyers of electric vehicles with $600 to $1,000 in credits.
Though not a huge amount of money, more than 1,700 resident of Maryland have claimed the credit, which went into effect in October 2010.
Montgomery County is Maryland’s hotbed for electric vehicles with over 545 registered there alone. The county borders Washington, D.C., has a population of over 1 million and is considered one of the most affluent counties in the nation.