In a move that would make both hybrid and electric car manufacturers see dollar signs, Minnesota announced a new proposal that will require auto manufacturers that sell within the state to deliver more hybrid cars and electric vehicles (EVs) to comply with its new low- and zero-emission initiative. The measure places the Gopher State alongside 13 other states that have implemented clean vehicle emissions standards.
The standards will take a minimum of 18 months for roll-out, due to the rule-making process set by the Minnesota Pollution Control Agency (MPCA). Thus, the “Land of 10,000 Lakes” is expected to see more hybrid and electric cars in sales lots starting around the 2023 model year. This roll-out will also allow time for the state to beef up its investments in more public electric-charging stations, while similarly brokering anticipated alternative energy deals with the likes of none other than Tesla, as the latter ramps up its nationwide plant acquisition plans.
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Minnesota’s Department of Public Safety currently reports that residents of Minnesota, on average, prefer large pickup trucks, followed by SUVs. Broad capacity recreational vehicles (RVs) are also a Minnesota favorite. Minnesotan loyalty to pickup trucks, SUVs and RVs could make the shift to relatively compact EVs challenging.
However, the U.S. Office of Energy Efficiency & Renewable Energy does offer EV tax credits and incentives that Minnesotans and other U.S. denizens can take advantage of. For instance, the Internal Revenue Service (IRS) gives a tax credit “for $2,500 to $7,500 per new EV purchased for use in the U.S.” The tax credit varies depending on the vehicle and its battery capacity, but the incentive is a way to shift more consumers to EVs.
The tax credit is “available until 200,000 qualified EVs have been sold in the United States by each manufacturer, at which point the credit begins to phase out for that manufacturer. Currently, no manufacturers have been phased out yet.” You can learn more about the tax credit here.
Via Consumer Reports
Image via MN Administration