Does acquiring a neighborhood electric vehicle generate an AFV-acquisition credit that may be applied toward my fleets Standard Compliance requirements?
A. No, commercially available neighborhood electric vehicles are ineligible for AFV-acquisition credits under Standard Compliance. They may, however, be used as part of an Alternative Compliance strategy (established under EPAct 2005). See Commercially Available Hybrid Electric, Low-Speed Vehicles Not Eligible for EPAct Credit Under Standard Compliance (PDF 261 KB). However, in Section 133 of the Energy Independence and Security Act of 2007, Congress directed DOE to allocate credit, in an amount to be determined by DOE, for acquisition of various electric-drive vehicles, including neighborhood electric vehicles. DOE’s rulemaking to determine the credit allocation amount is underway.
Related Questions
- Does an alternative fuel provider receive credit under Standard Compliance for acquiring an E85 FFV when the vehicle will be located or operated in an area where E85 is unavailable?
- Is an Electric Vehicle a Good Fit for U.S. Fleet Owners - the Targeted Early Adopters?
- Are there any tax incentives for purchasing a Neighborhood Electric Vehicle?
