What rebates are available now for electric vehicles and plug-in hybrids
If you're in the market for a new electric vehicle (EV) or plug-in hybrid vehicle (PHEV), and you live in California, now is a great time to buy. Whether you're looking to save money on maintenance and running costs, reduce your carbon footprint, get into the carpool lane, or experience the luxuriously quiet ride that electric vehicles provide, we're sure that Cartelligent will be able to help find the right green car for you. In order to aid you in your decision, various organizations provide rebates that can make switching to these eco-friendly options even more attractive.
Federal tax credits
The federal IRS tax credit is $7,500 per new EV purchased for use in the U.S. For plugin hybrid vehicles, the size of the tax credit depends on the size of the vehicle and its battery capacity. Many manufacturers will apply this rebate directly to leases; client who purchase will need to apply for the rebate seperately.
The California state Clean Vehicle Rebate Project (CVRP) is currently $2,500 for most EVs and $1,500 for most PHEVs (until 12/2/2019).
The following income restrictions apply:
- Household income under $150,000 for single filers
- Household income under $204,000 for head of household filers
- Household income under $300,000 for joint filers
After 12/3/2019, the rebates will change as follows:
- $2,000 for EVs with an MSRP under $60,000
- $1,500 for PHEVs with an MSRP under $60,000 and an electric-only range above 35 miles.
One of the easiest rebates to qualify for is the Clean Fuel Rebate from PG&E. This rebate can net you $800, which can help fuel your car with electricity for about a year and a half, or help towards the installation of a Level 2 home charging station. To see if you qualify for this rebate, click here. To start your application, click here.
Public Power rebate
If you're specifically in the market for a Nissan LEAF, you're in luck! The American Public Power Association has partnered with Nissan to offer those eligible with a rebate specifially for the Nissan LEAF S ($2,500 rebate) and LEAF S Plus ($3,500 rebate). For details, and information on how to apply, click here.
Whether you're looking for an electric vehicle, plug-in hybrid 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.