California’s Clean Vehicle Rebate Project Set To Get $230 Million In Additional Funding
Currently, it is being proposed that California’s Clean Vehicle Rebate Project (CVRP) will get $230 million in additional funding. This is nearly half of The California Air Resources Board’s (ARB) Low Carbon Transportation Fund.
On April 4, 2016, the California Air Resources Board (ARB) is holding a workshop for the public. It will focus on the 2016-17 Fiscal Year Funding Plan for Low Carbon Transportation and Fuels Investments and the Air Quality Improvement Program (AQIP).
CVRP offers vehicle rebates on a first-come, first-served basis for light-duty ZEVs, plug-in hybrid electric vehicles (PHEVs), zero-emission motorcycles, and neighborhood electric vehicles. Rebate amounts are $2,500 for battery electric vehicles (BEVs); $1,500 for PHEVs; $5,000 for fuel cell electric vehicles; and $900 for zero-emission motorcycles and neighborhood electric vehicles.
At the end of March, rebates will increase for low and moderate-income drivers, while a cap will be put in place for high-income drivers.
Rebates for lower-income will be $4,000 for BEVs; $3,000 for PHEVs; and $6,500 for fuel cell electric vehicles. (This will apply to households less than or equal to 300% of the federal poverty level).
There has been much past criticism concerning subsidies granted to Californians in the high-income bracket. To negate this, the cap will exclude individuals earning more than $250,000 and joint filers earning more than $500,000.
As of February 1, 2016, the CVRP has rebated over $291 million, covering 137,000 vehicles.
Source: Green Car Congress