Colorado makes its way into the news every once in a while for having one of the friendliest hybrid and electric vehicle incentive programs of any state in the Union.
For those who qualify, the state subsidy and federal tex incentives can combine to make a Chevrolet Volt available for $18,145. That means the flagship Chevrolet extended-range EV is close to being on par with several compact cars. That’s fantastic for people who want to buy an EV, but an unintended side-effect of allowing for such heavy subsidy was saving leasing companies an awful lot of money.
What’s more, the people who actually saddle cost of ownership were being left out in the cold while the car’s owner collected. It didn’t take long for recently-elected state Representative Jonathan Singer to notice that and move to amend the rule.
Signed into law yesterday, Singer’s bill gives the right to those credits to the person leasing the vehicle and became effective immediately after Governor John Hickenlooper signed it.