Texas may have a new tax break for plug-in hybrid owners. In order to "sidestep fresh mandates from Washington," Governor Rick Perry is proposing a $5,000 incentive towards a purchase of a plug-in hybrid electric vehicle for those in the non-attainment areas of Texas.
He made his proposal during his state of the state address last week.
Unfortunately, our strength in petrochemical production and refining makes us a big target on the radar of an increasingly activist EPA, whose one-size-fits-all approaches could severely harm our energy sector; an agency whose potential to harm our state with punitive actions will only increase in the months and years to come.Add in the federal tax credit of up to $7,500, and Texans with bad air quality could be looking at a $12,500 discount on their purchase (if they qualify for the tax credits). If you assume plug-ins like the Volt will be in the $40K range, that's over 25% of the cost to consumers.
Rather than wait for more mandates and punishments for environmental non-attainment, let’s continue encouraging innovation.
Non-attainment areas are locations where "levels of the selected pollutant exceed EPA standards."