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Texas Reinstates Incentives for Alternative-Energy Vehicles

After ending incentives for eco-friendly vehicles three years ago, Texas will bring back rebates for alternative-energy vehicles.

According to the Dallas Morning News, the program will essentially be a reboot of the same incentive program that ended in 2015. For shoppers looking at battery-electric, plug-in hybrid, and hydrogen fuel-cell vehicles, the Lone Star state will provide $2,500 to the buyer.

The incentive is more generous for buyers looking at pickup trucks powered by natural gas or liquefied petroleum gas, however. Consumers will receive $5,000 for the eco-conscious pickups. The incentive does not apply to fleet purchases, though; only individual consumers will see the healthy sum come off of the MSRP.

ALSO SEE: California Approves $768M for Charging Infrastructure

Texas won’t play nice with Tesla with the new electric-car incentives. The rebates must come from a dealership, which means Tesla’s retail stores will not be permitted to dish out any of the incentives. Texas is one of a few states that requires new cars to be sold at franchised dealerships, which skirts the California-based automaker’s direct-to-consumer method and its company-owned retail stores.

The state’s legislature has set aside $7.3-million for the new incentive program, and the program will run until May 31, 2019, or until the budget allocation runs dry.

HybridCars.com

This entry was posted on Wednesday, June 6th, 2018 at 12:43 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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