The Oregon Department of Energy is making available up to $6 million of tax credits to fund alternative fuel vehicle fleet projects and vehicles. The tax credits can be applied to fleets replacing or converting at least two vehicles to alternative fuels, as well as alternative fuel infrastructure projects, such as electric vehicle (EV) charging stations and compressed natural gas (CNG) stations.
Eligible applicants must be Oregon business owners or nonprofits and must own vehicles that do not run on gasoline or diesel. Eligible vehicles include emergency vehicles, transit vehicles and commercial vehicles. The tax credit can be applied to up to 35% of the purchase price of a qualifying alternative fuel vehicle.
Those seeking the tax credits must replace two or more fleet vehicles with EV, CNG, propane, liquefied natural gas, renewable natural gas, hydrogen, renewable diesel or butanol.
Tax credits are available on a first-come, first-serve basis, and applications must be received by April 30, 2017. Tax credits will be claimed over a five-year period.
For more information, read the complete announcement here.
