The California Competes Tax Credit Committee has approved a $250,000 tax credit for Green Commuter to assist the Los Angeles-based company with continued expansion of its electric vehicle car sharing, vanpool and fleet replacement service.
Green Commuter is the innovative clean energy company launching and managing a fleet of Tesla Model X electric vehicles in the greater Southern California market. Green Commuter's mobile app enables individuals to create vanpools to commute to work and easily reserve and rent Tesla Model X vehicles by the hour or weekends during non-commuting hours.
The Governor's Office of Business and Economic Development (GO-Biz) tax credit committee awarded a California Competes Tax Credit (CCTC) to Green Commuter as part of the state's ongoing effort to incentivize companies to grow and remain in California. GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Companies are exempted from paying state income taxes in the amount awarded.
"This tax credit, along with other investments in Green Commuter, reaffirms our company's strategic importance to the traveling public and to sustainability-focused organizations," said CEO Gustavo Occhiuzzo. "Our mission is to decrease traffic, improve air quality and reduce mobility and commuting costs."
Green Commuter's advanced technology and mobile phone app will enable licensed drivers with a clean driving record and a credit card to rent a zero-emission vehicle at very affordable rates. The app allows consumers to find a nearby rental electric car, unlock the vehicle and use it hourly during weekdays or for the weekend.