The California Competes Tax Credit (CCTC) Committee has approved and awarded a $250,000 state tax credit to Green Commuter in order to help the Los Angeles-based company expand its electric vehicle (EV) car sharing, vanpool and fleet replacement service.
Green Commuter is a clean energy company launching and managing a zero-emission fleet of Tesla Model X EVs in the greater Southern California market. Green Commuter’s mobile app enables individuals to create vanpools to commute to work and easily reserve and rent Tesla Model X vehicles by the hour or weekends during non-commuting hours.
The Governor’s Office of Business and Economic Development (GO-Biz) tax credit committee awarded a CCTC to Green Commuter as part of the state’s ongoing effort to incentivize companies to grow and remain in California. GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more.
Companies are exempted from paying state income taxes in the amount awarded.
“This tax credit, along with other investments in Green Commuter, reaffirms our company’s strategic importance to the traveling public and to sustainability-focused organizations,” says CEO Gustavo Occhiuzzo. “Our mission is to decrease traffic, improve air quality, and reduce mobility and commuting costs.”
Photo courtesy of Green Commuter: All-electric, long-range Tesla Model X for vanpooling and car sharing.