Mexican Media Brands
California Ponders Instant Rebates for EV Buyers
California is considering legislation that would enable buyers of electric vehicles to get an immediate discount of as much as $10,000 on their purchase.
#hybrid
Share
California is considering legislation that would enable buyers of electric vehicles to get an immediate discount of as much as $10,000 on their purchase.
The California Electric Vehicle Initiative is patterned after the state’s successful program to promote rooftop solar panels. The EV bill passed in the California assembly earlier this month and goes before Senate panels next week.
The plan, which would favor low-income customers, aims to offset the impending decline in federal tax breaks for EVs with as much as $3 billion in state-level funding. The program also would simplify the current rebate process by eliminating the paperwork and delay in receiving compensation.
Backers note that the program would bolster the state’s effort to put 1.5 million zero-emission vehicles on the road by 2025. Today’s federal tax rebate plan covers only the first 200,000 eligible vehicles sold nationwide by a given carmaker. EV promoters worry that the program will dry up just as EVs begin to gain traction with consumers.
RELATED CONTENT
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.