AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO ELECTRIC VEHICLES.

This Act creates an Electric Vehicle Rebate Program to incentivize the purchase and lease of new and used electric vehicles by Delaware residents. All-electric vehicles shall receive a rebate of no more than $2,500 and hybrid vehicles shall receive a rebate of no more than $1,000. The Department of Natural Resources and Environmental Control shall develop standards, forms, and procedures necessary to implement this program. This program will be terminated if either of the following occurs and notice is given to the Registrar of Regulations and the General Assembly: (1) Available funds for the program will be exhausted within the following year; or (2) It is determined that the median cost of electric vehicles is comparable with the median cost of similar internal combustion engine vehicles