Georgia currently offers a $5,000 tax credit to support the purchase of electric vehicles (EVs). The credit has played a significant role in boosting Georgia’s EV penetration rate to one of the highest rates in the country—1.9 percent of all light-duty vehicle sales in 2014. This study finds that the cumulative 5-year loss of state GDP in Georgia would be $107 million and the cumulative 16-year loss of state GDP would be $252 million, assuming that people who do not purchase EVs instead purchase conventional vehicles.
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