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CA considering $10k rebate on EV's

1907 Views 13 Replies 11 Participants Last post by  linkim
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.

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.
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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.


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