Wednesday, July 8, 2015

News: CA revises rules for EV incentives

We hope everyone had a safe and fun 4th of July.

In the funding plan for the upcoming 2015-2016 fiscal year, the California Air Resources Board has put in place new rules that are going to make EVs bit less expensive for a lot of people, but a bit more expensive for a select few. The new rules create a tiered structure for qualifying for the state rebate program on alternative fuel vehicles. Before, what had been an across the board rebate for all income brackets now has bands delineated by a combination of federal income poverty limit and and absolute gross annual incomes.

This new rebate structure is intended to make EVs of all kinds more affordable to lower income buyers while also ensuring that more funding is available for future investments. While some may see this change as unfair, odds are that someone with the finances to purchase a $100,000+ loaded Tesla Model S is hardly going to notice the difference that the $2,500 additional rebate was going to make and those individuals are still eligible for the even larger federal rebate. Plus, the increased incentives for lower income families should hopefully make the idea of an EV more appealing for those that commute to a job that is not too far away and can charge the vehicle at home.

As EVs continue to become an increasingly viable form of alternative fuel vehicle, it is good to see the state of California recognize that the incentives have largely benefited those who need it the least and is taking measures to help increase access to EVs for those in lower income brackets.

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