DEADLINE EXTENDED THROUGH JANUARY 2012 FOR ELECTRIC VEHICLE REBATES

Posted on Jul 25, 2011 in News Releases

For Immediate Release: July 25, 2011

HONOLULU –The state extended the deadline to January 31, 2012 for residents to apply for rebates on new electric or hybrid electric/gasoline cars and chargers.

From early January to mid-July, 128 rebates have been approved for 68 electric vehicles and 60 chargers, with $1,068,988 remaining in funding.

“We want to empower more Hawaii residents with the opportunity to contribute to Hawaii’s goal of becoming more energy efficient and increase our energy security,” said Estrella Seese, acting energy program administrator for the Department of Business, Economic Development and Tourism’s Energy Office. “Our top economic priority as a state is energy independence. The extension of the rebates for electric vehicles and chargers is good news for consumers who wish to purchase them.”

Electric vehicles are twice as energy efficient as the average gasoline-powered car. The rebates are available on a first-come, first-serve basis. Rebate forms are available on DBEDT’s Energy office website at http://electricvehicle.hawaii.gov.

Hawaii residents can apply for state rebates of up to $4,500 on purchases of electric vehicles and up to $500 for electric vehicle chargers through the Hawaii Electric Vehicle (EV) Ready Program. In addition to the State EV rebates, federal tax incentives of up to $7,500 are also available for highway-capable vehicles (the Qualified Plug-in Electric Drive Motor Vehicle credit, which applies to at least 200,000 units per auto manufacturer before it phases out) and up to $1,000 for individual buyers and $30,000 for businesses installing EV charger stations. This allows for the potential of up to $13,500 in rebates and tax credits for an individual.

The state anticipates an increase in consumer demand for new electric vehicles for the last quarter of this year and extended its original deadline for tax rebates from September 2011 for another four months.

Hawaii is among the states designated for early release of the first EVs produced by manufacturers such as the Nissan Leaf, Wheego Life, GM Volt, and Mitsubishi i (MiEV). Many manufacturers are continuing to choose Hawaii as an ideal location, for many reasons including:

• Consumers’ high level of enthusiasm to adopt electric transportation. Hawaii has the largest number of reservations per capita in the country for the Nissan Leaf.
• Favorable electricity time-of-use EV charging rates from electric utility companies.
• Moderate climate, limited driving distances, and strong tourism industry are ideal for EV utilization.
• DBEDT’s Hawaii Electric Vehicle EV Ready Program has provided $2.6 million in grants for the systematic installation of electric vehicle chargers across the state; public education and outreach including an EV Ready Guidebook; introduction of EVs to rental car and County fleets, car-sharing services within the hospitality industry; and an online permitting system for charger installations at single-family residences on Oahu.

The EV Ready Program is funded by $1.4 million in Federal stimulus funds administered by DBEDT.

The State of Hawaii’s economic enterprise is to pursue energy independence by building a clean energy economy and reaching 70 percent clean energy by 2030. The DBEDT State Energy Office’s mission is to act as a catalyst for efficiency measures, renewable energy resources, transportation initiatives, green jobs, and investments in Hawaii’s economy. For more information, visit www.hawaii.gov/dbedt/energy.

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For more information, contact:

Estrella Seese
Acting Energy Program Administrator
DBEDT’s State Energy Office
Phone: (808) 586-2352

Lois Hamaguchi
Energy Analyst
DBEDT’s State Energy Office
Phone: (808) 587-9006