It offsets with those who cannot take the full $7500 ITC. It costs a lot to live in CA but then again a state running itself into the ground fiscally cannot give it all away. Smart to help out lower incomes but in CA those income levels are probably buying used cars and in that case, used Volts are a great price. Under $10k for older ones and you can still get green stickers.
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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