Maryland passes Clean Cars Act of 2022, renewing EV tax credits and allowing three-wheeled autocycles to be operated without a motorcycle license.
EUGENE, OR – April 23, 2022 – (Motor Sports NewsWire) – Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that drivers of Arcimoto Fun Utility Vehicles in Maryland will no longer need to have a motorcycle endorsement under legislation signed by Governor Larry Hogan. The bill, HB 1391, the Clean Cars Act of 2022, sponsored by Delegate David Fraser-Hidalgo, brings Maryland in line with other states that do not require a motorcycle license or helmet to operate an autocycle such as those built by Arcimoto.
The Clean Cars Act of 2022 renews and expands Maryland’s electric-vehicle excise tax credits for zero-emission vehicles, including adding a benefit for three-wheeled motorcycles or autocycles, which will be eligible for up to $2,000, or the maximum excise tax paid, whichever is lower. The excise tax credits will begin on July 1, 2023, and run through June 30, 2027. The credit is limited to one vehicle per individual and 10 vehicles per business entity.
“Addressing climate change is important to us here in Maryland, to protect both our people and our natural areas, and transportation is one of the largest contributors to greenhouse gas emissions in our state,” said Delegate Fraser-Hidalgo. “I was disappointed that our prior EV tax credit program lapsed during COVID, and I’m thrilled to have helped bring it back, to support the necessary transition to a majority-electric transportation system. Best of all, this bill is a $40 million dollar investment, over four years, which is more than we have ever dedicated to this program in the past, and it will help make many types of electric vehicles more affordable to Maryland buyers. HB 1391 also revised the definition of ‘autocycle’ to be more flexible and…
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