Zero Emission Vehicle (ZEV) Tax Credit

An income tax credit is available to individuals who purchase or lease a new ZEV. The amount of the tax credit is 20% of the vehicle cost, up to $5,000. For the purpose of this credit, a ZEV is defined as a motor vehicle that has zero tailpipe and evaporative emissions, including a pure electric vehicle. Low-speed vehicles do not qualify for this credit. Any portion of the credit not used in the year the ZEV is purchased or leased may be carried over for up to five years. The tax credit expires July 1, 2015. For more information, see the Georgia Department of Natural Resources Alternative Fuels and Tax Credits website. (Reference House Bill 170, 2015, and Georgia Code 48-7-40.16)