Tax incentives and/or other incentives for drivers of electric vehicles in Corydon.
A low-speed vehicle is defined as a four-wheeled electric vehicle capable of achieving a speed of up to 35 miles per hour (mph) that meets the standards in Title 49 of the U.S. Code of Federal Regulations, section 571.500. An individual may not operate a low-speed vehicle on a highway that has a posted speed limit greater than 35 mph. (Reference Indiana Code 9-21-5-8.5 and 9-13-2-94.5)
The Indianapolis Power & Light Co (IPL) offers special PEV charging rates, including year-round time-of-use based options, for residential and business customers who own a licensed PEV. Customers who are considering purchasing Level 2 electric vehicle supply equipment should contact IPL to discuss the benefits and requirements of participating in the program. Restrictions apply. For more information, see the IPL Electric Vehicle Charging website.
Plug-in electric vehicle owners are required to pay an additional registration fee of $150, and plug-in hybrid and hybrid electric vehicles are required to pay an additional registration fee of $50. The Indiana Bureau of Motor Vehicles will determine new fee amounts every five years. (Reference Indiana Code 9-18.1-5-12)
Indiana Michigan Power offers a time-of-use (TOU) rate to residential customers for PEV. TOU rate off-peak hours are between 9pm and 7am Monday through Friday and all-day Saturday and Sunday. Indiana Michigan Power may require customers to install a metering system that is capable of separately tracking PEV charging. For more information, see the Indiana Michigan Power Rates and Tariffs website.
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