By JUDITH KOHLER | The Denver Post | February 26, 2019
A bill that would extend Colorado’s tax credits for electric vehicles is intended to help accelerate the goal of increasing the number of zero-emission vehicles on the state’s roads.
The bill by Rep. Sonya Jaquez Lewis, D-Longmont, and Rep. Matt Gray, D-Broomfield, would extend the credits, currently set to end in 2021. The tax credits for cars and medium- and heavy-duty trucks would run through 2025 at decreasing amounts.
The House Energy and Environment Committee voted 7-4 Monday to send HB19-1159 to the House Finance Committee.
Under the bill, the tax credit for a passenger electric or plug-in hybrid vehicle would drop from the current $5,000 after the first year to $4,000 and end at $2,500. The goal is to encourage people to buy electric vehicles sooner rather than later, Jaquez Lewis said.