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CA considering $10k rebate on EV's

1904 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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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.
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