POSTED: 11:02 a.m. HST, Jul 25, 2011
LAST UPDATED: 02:28 p.m. HST, Jul 25, 2011
The state of Hawaii has extended its rebate progam for electric vehicles and charging stations through the end of January 2012.
Local residents are eligible for rebates of up to $4,500 per vehicle and $500 per charging station. The program previously was scheduled to expire Sept. 30, 2011.
The program is funded by $1.4 million in federal stimulus money and administered by the state Department of Business, Economic Development and Tourism. From January through mid-July the program has awarded rebates for 68 vehicles and 60 charging stations totalling about $330,000. There is roughly $1.07 million left in the fund.
In addition to the state rebate electric car buyers can receive a federal tax credit of up to $7,500 per vehicle and $1,000 per charging station. The tax credit for vehicles applies to the first 200,000 cars sold nationally. The tax credit for charging stations expires at the end of 2011.