Chevrolet

Will Georgia EV Tax Hurt Tesla Model S Sales?

Georgia has eliminated its $5,000 electric car tax credit, replacing it with a $200 tax. Will this dissuade buyers from choosing the Tesla Model S, Nissan LEAF, and Chevy Volt? Environmentalists and EV advocates are crying foul over the Peach State's hostile reversal in EV policy.

Last week, Georgia eliminated the state's $5,000 electric car (EV) tax credit---the biggest state-based tax credit in the nation---and replaced it with a $200 annual EV tax (more than drivers of gasoline-powered cars pay). The law, which goes into effect July 1, does so amidst the protests of environmentalists and electric car advocates.

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Electric F-150 Necessary for Widespread EV Adoption

Electric car sales will reach 480,000 units globally in 2015, according to leading consulting and research firm Frost & Sullivan. However, this is only 0.5% of overall global sales and won't improve significantly until electrified trucks and SUVs are introduced to market---along with better driving ranges and more charging stations.

A leading consulting and research firm in Mountain View, California, Frost & Sullivan, has released its prediction for 2015 electric car sales. The group believes that about 480,000 battery electric vehicles (EVs) will be sold worldwide by the end of the year.

The company estimates that 320,000 EVs were sold globally in 2014, meaning that the prediction for 2015 would equal a 50 percent increase in sales. While this is certainly impressive growth and reflects the slow process of mass adoption among consumers, it's important to put these numbers in perspective.

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