GM Volt Forum banner

CA Rebate changes from Nov.1st 2016

2544 Views 11 Replies 9 Participants Last post by  Zoder

So as I read this:
If income less than:
Household Size 300% FPL
1 $35,640
2 $48,060
3 $60,480
4 $72,900
5 $85,320
6 $97,740
7 $110,190
8 $122,670

Rebate on Bolt $4500 - Rebate on Volt $3500 (Better by $500 compared to now)

If income higher than above BUT lower than:
$150,000 for single filers
$204,000 for head-of-household filers
$300,000 for joint filers

Your rebate is $2500 for Bolt and $1500 for Volt (Same as now)

If income higher than above:

Your rebate is $0 for Bolt and $0 for Volt (negative for 150k-250k single filers and 300k-500k joint filers).

Did I read this right?

To me this seems overall negative news (especially for Tesla buyers :))
See less See more
1 - 2 of 12 Posts
Most wanted this as the thoughts were "why should we give tax payer money to the rich?"...The debate is it is given as an incentive to advance EV adoption...There are many Tesla owners who could afford Ferraris...
Extra incentive to low income family - I agree with others that they probably can't/won't go for new cars anyway - but I see the point of trying to make up for not being able to take full $7500 federal tax credit in those cases.
Got to remember half of all EV's are sold to expensive Cali, many do not live single family homes where they can charge...Additionally is the insurance side, $34K Volt, regardless of incentives is going to be much more expensive to insure compared to a $12K Versa...But it looks good politically and if it works out for some low earners, great!
1 - 2 of 12 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.