New technology before it becomes mature, can often struggle in the market place with consumers. It takes time and money to take a great idea all the way to becoming a great product. The same is true for electric cars. The electric vehicle industry has seen fantastic growth in the last few years as many of the supporting technologies have improved and become less expensive.
As the technology has continued to improve consumer confidence also has been improving as battery life and range have grown to being able to compete with modern combustion engines. Some federal and local governments have been putting additional incentives in place to help consumers offset the costs of electric vehicles.
This month the Massachusetts Department of Energy Resources (MassDOER) announced an additional $12 million in funding for its successful electric vehicle (EV) sales and lease rebate program, “Massachusetts Offers Rebates for Electric Vehicles (MOR-EV).”
Massachusetts consumers can qualify for rebates ranging from $750-$2,500 on the purchase or lease of more than 25 qualifying new electric vehicles, including battery electric, plug-in hybrid electric and fuel cell electric vehicles.
EVs are significantly lower in greenhouse gas emissions compared to conventional vehicles, and as the Massachusetts power grid incorporates more renewable energy, EVs become even cleaner over time. A 2014 study found that rebates and incentives are the best way to increase EV sales. States with the largest EV incentives such as rebates and tax credits had EV sales shares approximately 2 to 4 times the national average.
How Consumer Respond To Electric Vehicle Rebates.
In response, Sierra Club national Electric Vehicle Initiatives Director and member of the Massachusetts Zero Emission Vehicle Commission Gina Coplon-Newfield released the following statement:
MOR-EV is proven to accelerate electric vehicle sales and leases. By extending funding for the MOR-EV program and lowering the upfront cost of electric vehicles, MassDOER is putting electric vehicles in the fast lane. With oil use, mostly from the transportation sector, responsible for more than 40 percent of the nation’s greenhouse gas emissions, it is imperative that we speed the transition to clean electric vehicles. For the health and safety of our families, we commend MassDOER and Governor Baker for continuing to fund this crucial program.
I hope the in the future months and years, especially for the U.S., that we will see more and more rebates for electric vehicles, so that even more development is encouraged in the industry. Of course free charging would also be really great right?!