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USA: Duenas Bill Would Provide $7,500 Rebate for Electric Car Purchases

Guam – Senator Chris Duenas has introduced a bill that would provide a $7,500 cash rebate to anyone that buys an electric vehicle on Guam.

Bill #203 would authorize the payment of the rebate from a $375-thousand dollar annual appropriation from the General Fund to the Guam Energy Office, beginning in Fiscal Year 2015.

Senator Duenas points out in a release that the cost to “charge up” an electric vehicle is the equivalent of filling up a vehicle for $2.50 a gallon, as opposed to $4.73 per gallon of unleaded gas.

READ Bill #203 HERE

“Guam is ideal for electric vehicles,” says Senator Duenas in a release. “Our gas rates are much higher and our driving ranges are much shorter than the U.S. mainland.,” he says.

“The bill puts more money in the pockets of our working families, stimulates the economy, and allows us to fast track technology and sustainability on island,” Duenas said. “An island transformation toward electric vehicles will also increase GPA revenues, as they become the gas station of the future.”

READ the release from Senator Duenas below:

FOR IMMEDIATE RELEASE
October 7, 2013

Hagatna, Guam. Senator Chris Duenas introduced a bill today that will provide an additional $7,500 cash rebate for any person or business that purchases an electric vehicle. The rebate is designed to stimulate the purchase of electric vehicles (EVs) on Guam.

“Guam is ideal for electric vehicles, our gas rates are much higher and our driving ranges are much shorter than the U.S. mainland. When it comes to electric vehicles, this is a space in sustainability where Guam can set the example and lead globally,” Duenas said. The bill was the product of working with key advisors on how to address the rising cost of living on Guam.

According to the Guam Power Authority, the cost to “fill up” an electric vehicle is about $2.50 per gallon, as opposed to $4.73 per gallon of unleaded gas.

Duenas said, “The more our people save at the pump, the more disposable income they have to spend on their families at local stores and restaurants. Ultimately, more money circulates on island rather than the millions of dollars that go off island each year in oil to Singapore. A family that spends $400 a month on gas, will save about half of this if they switch to an electric vehicle. This is $200 more a month for additional food, clothes, and entertainment.”

“The bill puts more money in the pockets of our working families, stimulates the economy, and allows us to fast track technology and sustainability on island,” Duenas said. “An island transformation toward electric vehicles will also increase GPA revenues, as they become the gas station of the future.”

“Guam often follows the trend of other states and jurisdictions, it’s time we start setting the pace and leading.”

Earlier this year, Duenas introduced a bill that sets a 25 mpg standard on government purchased light vehicles.
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