Last week we looked at a National Academy of Sciences report about barriers to electric vehicle (EV) adoption. One of the topics the report focused on was the role of incentives in getting people to purchase EVs. Currently, the federal government and about half the 50 states offer some form of incentive to get people to buy plug-in vehicles.
California has traditionally led the way in this regard, and last week the state published its new rules for EV rebates. Gone is the blanket $2,500 state tax rebate. Instead, California EV rebates are going to be based on one's income, and unless they plan on buying a car with a fuel cell, the wealthiest need not apply.
Under the new rules published by California's Air Resource Board (CARB), the greatest rebates will go to low- and moderate-income buyers. Since California's EV incentives come in the form of tax rebates, they're tied to one's annual income and filing status. And there are different sized rebates for plug-in hybrid EVs (PHEV), battery EVs (BEV), and fuel cell EVs (FCEV). The greatest rebates are available for those with incomes at or below 300 percent of the federal poverty level, which means individuals earning $35,310 or less (and increases by $12,480 for each additional person in the household).
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