Tax incentives and/or other incentives for drivers of electric vehicles in Bement.
EVs are exempt from state motor vehicle emissions inspections. For more information, see the Illinois Environmental Protection Agency's Vehicle Emissions Testing Program website. (Reference 625 Illinois Compiled Statutes 5/13C)
Illinois Electric Cooperative (Co-op) members are eligible for loan financing at 0.5% for 60 months for the purchase of new PEVs. Members must apply and be approved for financing before purchase. The Co-op also offers a PEV time-of-use electricity rate for residential customers who own a PEV. The PEV rate is optional and requires installation of a separate meter. For more information, see the Illinois Electric Cooperative website.
EV owners must pay an annual fee of $100 in addition to standard registration fees. A portion of the fees contribute to the Illinois Road Fund. (Reference 625 Illinois Compiled Statutes 5/3-805)
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