Puerto Rico offers excise tax breaks on hybrids, electric vehicles

Puerto Rico is incentivizing its citizens with its own version of rebates: reducing excise taxes on hybrids and all-electric vehicles. This is an island full of excise taxes on a lot of things, including cars, lottery winnings, cigarettes, liquor, hotel rooms and cement. The government in the U.S. territory wants to cut combustible fuel usage and is thus adding excise tax breaks for those purchasing a hybrid or EV. Previous excise tax refunds of up to $2,000 have been increased. Gov. Luis G. Fortuna has signed a new law granting a rebate on the excise tax offering a good deal on hybrids and an even better one for EVs. Through 2016, anyong buying an electric vehicle will get a 100 percent excise tax exemption. For those buying hybrids, there's a 65 percent exemption, up to a maximum of $8,000, through July 1, 2013. The exemption reduces progressively beyond that – a 50 perc...

Full article: http://green.autoblog.com/2012/09/03/puerto-rico-offers-e...

Tweets

@autoengshow » 04 Sep '12, 6am
RT @ANSYS_Inc: Puerto Rico offers excise tax breaks on hybrids electric vehicles [link]
@rubengzz » 03 Sep '12, 11pm
RT @GreenMomentum: Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@eMileage » 03 Sep '12, 4pm
eMileage.ca | Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@TheRedElm » 03 Sep '12, 4pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles - [link] #environment #auto
@AHetaFan » 03 Sep '12, 1pm
RT @SmartVehicle: Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@mahoganyltd » 03 Sep '12, 1pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles: Filed under: EV/Plug-in, Hybrid, Legislation... [link]
@jknistrum » 03 Sep '12, 1pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link] #green #energy
@ElectricCarNWS » 03 Sep '12, 12pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles - Autoblog (blog) [link] #DriveElectric
@carstufffeed » 03 Sep '12, 12pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles: Filed under: EV/Plug-in, Hybr... [link] #AutoblogGreen
@otogeek » 03 Sep '12, 12pm
[link] Puerto Rico offers excise tax breaks on hybrids, electric vehicles: Filed under: EV/Plug-in,... [link]
@mygreenlimo » 03 Sep '12, 12pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@GreenMomentum » 05 Sep '12, 1am
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@ANSYS_Inc » 03 Sep '12, 11pm
Puerto Rico offers excise tax breaks on hybrids electric vehicles [link]
@GreenMomentum » 03 Sep '12, 11pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@Alltop_green » 03 Sep '12, 1pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@TheKucikTeam » 03 Sep '12, 1pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@fibergeneration » 03 Sep '12, 1pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]
@jaffarwahdat » 03 Sep '12, 12pm
Puerto Rico offers excise tax breaks on hybrids, electric vehicles [link]