California’s Air Resource Board recently announced further changes to the Clean Vehicle Rebate Project. After November 1, 2016, the income level required to qualify for the plug-in hybrid and electric vehicle rebate will be lowered from the original levels (which went into effect on March 29, 2016). If you’re interested in either a plug-in hybrid or an all-electric vehicle, you should consider whether you’ll be hurt by these changes and think about timing your purchase accordingly.
|Before 11/1/16||After 11/1/16|
The rebate amount of $1,500 for plug-in hybrids and $2,500 for electric vehicles has not changed. Those with incomes above the new thresholds will no longer be eligible for any California rebates after November 1, 2016.
These rebates will remain the same for those earning more than 300% of the federal poverty level, but less than the above. For those whose income is less than 300% of the poverty level, the rebates are unchanged at $3,000 for plug-in hybrids and $4,000 for electric vehicles.
There are no changes to the Federal tax credits.
Whether you’re looking for a plug-in hybrid, all-electric vehicle, or any other new car, Cartelligent can help you get a great deal on exactly what you want. Call our team of car-buying experts at 888-427-4270 or get started today.