S.B. No. 307 Summary

• Establishes three electric vehicle incentive programs administered by the Ohio Department of Development: an incentive program, a retooling/equipment acquisition program for manufacturers and suppliers, and a training/modernization program for workforce development.

• Creates sales tax exemptions for battery electric and plug-in hybrid vehicle purchases ($2,000 for new battery electric, $1,000 for new plug-in hybrid, $1,000 for used battery electric) running through January 1, 2032, with price caps on eligible vehicles.

• Authorizes electric distribution utilities to develop transportation electrification programs including EV charging infrastructure investments and cost recovery through rates approved by the Public Utilities Commission.

• Establishes the "Accelerating Ohio's Automotive Industry Task Force" within DriveOhio to monitor the electric vehicle market, conduct economic impact studies, and make recommendations on adjusting incentive amounts and vehicle price limits.

• Appropriates $25.75 million total: $750,000 for the incentive program, $15 million for equipment/retooling grants, and $10 million for training program reimbursements across fiscal years 2022-2023.