Electric Vehicles - Repeal of Excise Tax Credit and Establishment of Rebate Program

HB 216 replaces Maryland's existing electric vehicle (EV) excise tax credit with a new rebate program. It requires dealers to apply a $3,000 rebate directly to the purchase price of eligible new EVs or fuel cell vehicles (under $50,000, meeting specific battery and speed requirements) purchased between July 2026 and July 2028. The rebate is limited to one vehicle per individual and 10 per business, administered through a state website where dealers report sales and claim reimbursement. This program affects EV buyers and dealers, shifting incentives from tax credits to immediate point-of-sale discounts while maintaining the vehicle's taxable base.