(Columbus)—State Senators Sean O Brien (D- Bazetta) and Mike Rulli (R- Salem) recently announced the introduction of legislation that would create a financial incentive for the purchase of electric vehicles (EV). There are currently no purchase incentives for EVs in Ohio.
This legislation would authorize the following incentives for purchases: a $500 sales tax credit for the purchase of one electric vehicle for personal use; a $1,000 sales tax credit per unit for up to 10 electric vehicles to be used for commercial use; and a $1,500 sales tax credit for construction of charging stations for personal and commercial use. The incentives would expire after 5 years.
In November, Lordstown Motors announced the purchase of the former GM plant located in Lordstown, Ohio. Lordstown Motors plans to manufacture electric vehicles at the facility.
Meanwhile, GM and LG Chem announced a joint venture Dec. 5 to build a battery plant in the Lordstown area. These developments along with the creation of the financial incentives have the potential to make Ohio a key player in the electric vehicle industry.
“Senator Rulli and I see an opportunity to make Ohio the most important region in the world when it comes to electric vehicles. We want to make sure that Ohio emerges as the world’s capital of electric vehicles,” said O’Brien, “This bill sends a strong signal to the world that Ohio is serious about electric vehicles.”
Despite the regional presence of GM, Chrysler and Ford, Ohio does not rank in the top 10 in purchasing for EVs trailing states such as Colorado, Connecticut, Maryland and Hawaii. A significant barrier to adoption is the current lack of EV charging infrastructure available to the public. Currently there are just over 1000 level 2 and level 3 chargers in Ohio. Experts across the field agree that a significant increase in EV charging infrastructure development across the state is necessary to alleviate most of the range anxiety that exists among potential EV buyers.
“Our area is in the midst of a true transformation,” commented Rulli. “Working across party lines, Senator O’Brien and I are determined to deliver results, not just talk. We want the state of Ohio to be a leader in the technologies of the future, and that future is electric vehicles.”
The bill was assigned identification number SB 257 by the Ohio Senate Clerk. It is due to be referred to a committee the next time the Senate Rules and Reference Committee meets in January.