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JLARC: Alternative-fuel vehicle tax preferences coincided with rising EV adoption but effect of tax breaks unclear
Summary
In a House Finance presentation, JLARC reported that eight tax preferences aimed at boosting alternative-fuel vehicle adoption coincided with large increases in EV registrations but could not isolate how much of that rise was caused by the preferences. The auditor recommended the Legislature decide whether to continue or modify the preferences.
The Joint Legislative Audit and Review Committee told the House Finance Committee on Jan. 14 that eight tax preferences intended to increase alternative-fuel vehicle adoption in Washington coincided with a large rise in licensed alternative-fuel vehicles but that the policies’ specific effects are unclear.
Pete Van Moorsil, JLARC staff, said the preferences together are estimated to save about $98 million in the current biennium and that the largest single preference — an alternative-fuel vehicle sales and use tax partial exemption — accounts for roughly $53 million of that total.
JLARC found the number of alternative-fuel vehicles licensed in the state increased 230% from the period when the preference became available through…
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