LD 614 LR 862(02)
An Act To Provide Purchase Rebates for Battery Electric Vehicles
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Energy, Utilities and Technology
Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - Efficiency Maine Trust
Current biennium revenue increase - Efficiency Maine Trust
Fiscal Detail and Notes
This bill establishes an electric vehicle rebate program to be administered by the Efficiency Maine Trust (EMT) and creates two funds, the Electric Vehicle Fund and the Electric Vehicle Charging Infrastructure Fund. The program and associated funds will receive revenue from federal funds or awards, the interest generated by these funds and from other public or private sources.  It is anticipated that the revenue derived from these sources will be sufficient to fund the program activities outlined in the bill and the administrative costs of the program for the EMT.