California Runs Out of Money to Pay Electric Car Rebates

Government rebate program for electic car purchases runs out of money….again….

from http://www.greencarreports.com/news/1111465_california-electric-car-rebates-out-of-cash-again-legislature-neglected-to-fund-them

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Incentives for the purchase of a plug-in battery-powered vehicle continue to be a powerful motivation to get new buyers to consider electric cars.

The federal income-tax credit of $2,500 to $7,500 has long been supplemented by various state programs, including a purchase rebate in the crucial California market.

Now the California Clean Vehicle Rebate program is putting new applicants for its “check in the mail” incentives onto a waiting list.

DON’T MISS: California to test electric-car ‘point of purchase’ rebate for electric cars

Program administrators say that even though California governor Jerry Brown recently signed the most recent state budget, it did not include funds for the rebate program.

As CarsDirect explains, the means the program is nearing the end of its existing funding, which provides $2,500 to battery-electric car buyers and $1,500 for plug-in hybrid purchases.

So, since June 30, administrators at the Center for Sustainable Energy have been putting the most recent applicants into a queue to ensure they only issue rebates up to the amount currently funded.

California electric-car rebates out of cash again; legislature neglected to fund them

Incentives for the purchase of a plug-in battery-powered vehicle continue to be a powerful motivation to get new buyers to consider electric cars. The federal income-tax credit of $2,500 to $7,500 has long been supplemented by various state programs, including a purchase rebate in the crucial…

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About Paul Gordon 1357 Articles

Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines.
He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv

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