Good luck getting a California rebate on your new electric car dailyrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrepublic.com Daily Mail and Mail on Sunday newspapers.
Good luck getting a state rebate on your new electric car Quick Take
California’s electric car rebate program is designed to steer consumers toward clean, environmentally friendly vehicles. Unfortunately for buyers, it’s confusing, unpredictable and underfunded. Sam Dudley of Encino knows that California government has gone all in on zero-emission vehicles. So has he. He’s all about cutting back on greenhouse gases.
In May, Dudley splurged on a new electric car, a metallic black Chevy Bolt EV LT. He loves it.
But now it’s July, and the after-school program director, 35, wonders when the state will make good on the EV-incentive rebate money it owes him.
Good luck getting a state rebate on your new electric car latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
California EV rebate demand exceeds CVRP funding; rebates have gone to nearly 65% of all California EV owners
In response to strong demand for electric vehicles, the California Air Resources Board (CARB) expects rebate funds for the statewide Clean Vehicle Rebate Project (CVRP) to be exhausted within 30 days.
Electric vehicles (EVs) account for nearly 8% of all light-duty vehicles sold in California. More than 145,000 EVs were sold in California in 2020 with a majority of sales taking place in the latter half of the year. Through the first quarter of 2021, CVRP rebate applications have already exceeded levels seen in early 2020, with substantially higher participation by low- and moderate-income consumers.
California ARB directs additional clean vehicle rebates to lower-income families
The California Air Resources Board (CARB) is making additional clean vehicle rebates available for lower-income consumers. A cornerstone of CARB’s suite of EV-purchase incentives, the Clean Vehicle Rebate Project (CVRP) is the nation’s largest and longest-running EV incentive program.
CVRP offers standard rebates of $1,000 to $4,500 for the purchase or lease of a new eligible plug-in hybrid or zero-emission vehicle. An additional $2,500 rebate is available to low- and moderate-income households at or below 400% of the federal poverty level.
CVRP set aside $25 million for the $2,500 increased rebates for low- and moderate-income households for Fiscal Year 2019-20. That allocation was exhausted on 5 February 2021. To continue support for new EV purchases and leases by low- and moderate-income car shoppers, CARB is dedicating an additional $25 million, or half of the remaining CVRP funds, to ensure