Yes, your description is how I understand it. It favors the extreme low end and has no love for the extreme high end. Most people will receive the same as before.
CA Rebate changes from Nov.1st 2016
https://cleanvehiclerebate.org/eng/income-eligibility
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
)
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
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