[Steverino]

The essence of the plan: lift California rebates from $2,500 to $10,000 or more for a compact electric car, making, for example, a Chevrolet Bolt EV electric car cost the same as a gasoline-driven Honda Civic. Already approved by several Senate and Assembly committees, the bill will go to Gov. Jerry Brown for his approval or veto if the full Legislature approves it by the end of its current session on Sept. 15.

http://www.latimes.com/business/la-fi-hy-electric-vehicle-subsidies-20170828-htmlstory.html

Wow, if that passes, it would beat the CO $6k rebate by a wide margin. Of course, this just a proposal, don't get too excited yet.

 

[BAZINGA]

I gut tells me this is more of bone to Tesla than GM or other manufactures. But a rebate is a rebate.

 

[11715]

I gut tells me this is more of bone to Tesla than GM or other manufactures. But a rebate is a rebate.

Any manufacturer can produce a car that would qualify for the rebate.

 

[bentbiker]

I gut tells me . . .

iGut: the paunch of an Apple fanatic.

 

[Coppersnowboarder]

I will take one second-hand.

 

[DonC]

I couldn't read the article (monthly limit) but this could be related to the expiration of the federal credits. Would be nice to reward the early adopter companies by providing a $10K rebate, which would really be equal to the current federal credit and the CA rebate.

 

[llninja]

Makes me want to move to Republik of Kahleeforneeah.... oh wait, the higher cost of housing probably demolishes the EV rebate savings.

 

[11715]

Makes me want to move to Republik of Kahleeforneeah.... oh wait, the higher cost of housing probably demolishes the EV rebate savings.

Depends on where you live.

 

[llninja]

Depends on where you live.

How about comparing a $500K house in rural IL to a similar house in rural Cali, an hour drive from Silicon Valley on a early Sunday morning with no traffic. I did a quick search on Zillow for houses in Sunnyvale (right in the middle of it all) and it's interesting, a bunch of inexpensive houses, then a big jump into $1M+ houses. It seems the $400-600K houses are few and far between, probably because they get snapped up before they can even make it to Zillow.

 

[Barry]

I gut tells me this is more of bone to Tesla than GM or other manufactures. But a rebate is a rebate.

Yeah, that would be huge for Tesla since their Federal rebate will run out soon and they are planning to have production volume much higher than other EV brands, so would take advantage of far more of these credits. Since Tesla manufactures inside of California, it makes sense that a plan like this would have a chance to pass there. I wonder what kind of strings Elon pulled to get this into consideration. But dang, $10K per car would be an expensive program that non EV voters will choke on.

 

[1LeeMartin1]

The essence of the plan: lift California rebates from $2,500 to $10,000 or more for a compact electric car, making, for example, a Chevrolet Bolt EV electric car cost the same as a gasoline-driven Honda Civic. Already approved by several Senate and Assembly committees, the bill will go to Gov. Jerry Brown for his approval or veto if the full Legislature approves it by the end of its current session on Sept. 15.

http://www.latimes.com/business/la-fi-hy-electric-vehicle-subsidies-20170828-htmlstory.html

Wow, if that passes, it would beat the CO $6k rebate by a wide margin. Of course, this just a proposal, don't get too excited yet.

But.....When California is deemed a COUNTRY by President "Moonbeam" Brown there will be FREE Electric cars for ALL!
The ONLY question is.... will we need DUAL Citizenship to qualify for the Free Electric Car...AND WILL the TAXES EXCEED THE CARS VALUE????

 

[llninja]

But.....When California is deemed a COUNTRY by President "Moonbeam" Brown there will be FREE Electric cars for ALL!
The ONLY question is.... will we need DUAL Citizenship to qualify for the Free Electric Car...AND WILL the TAXES EXCEED THE CARS VALUE????

But if the Republik of Kahleeforneeah secedes from the Union, they will not longer qualify for the federal tax credits. And nothing comes for free. The taxes are already high - they will only get higher.

 

[!arry4pyro]

Funding to come from the state's cap and trade program.

Rebate is at the point of sale, similar to mtg cash discount. The amount of rebate appears to be an attempt to make the EV cost about the same as a comparable ICE powered car.

Calif supports mfgs who took the initial risk to bring EVs to market like Tesla, Nissan and GM by having the state make up for the loss of the Federal Tax Credit as sales go over the 200,000 break point.

Not mentioned in the article but discussed elsewhere is making the amount of rebate tied to income level so EVs can become more affordable for people in the lower income levels. The state has asked VW to install a higher than average proportion of chargers in low income areas to support this initiative.

 

[linkim]

How about comparing a $500K house in rural IL to a similar house in rural Cali, an hour drive from Silicon Valley on a early Sunday morning with no traffic. I did a quick search on Zillow for houses in Sunnyvale (right in the middle of it all) and it's interesting, a bunch of inexpensive houses, then a big jump into $1M+ houses. It seems the $400-600K houses are few and far between, probably because they get snapped up before they can even make it to Zillow.

Saw this flyer from local real estate agent for Cupertino. If you want to move here be prepared to pay top-dollar for a house you probably wouldn't look at in the mid west. With Apple opening their new campus for 12K+ employees, the traffic will be even worse.