California Will Now Pre-Approve Buyers For Upfront Electric Car Rebate
Now it will be faster and more trouble-free to get your electric car rebate in the state of California.
The Clean Vehicle Rebate Project (CVRP) hopes to further promote EV adoption, especially among lower-income buyers, with its new Rebate Now program. The pilot program will initially launch in San Diego County. If it proves successful, California will apply it to the rest of the state. Officials at the Center for Sustainable Energy (CSE) and CVRP administrators for the Califonia Airs Resources Board (CARB) chose San Diego due to its diverse population.
Consumers will be able to complete a simple online registration process, and once pre-approved, they’ll be eligible for an immediate discount toward the purchase or lease of eligible models. Reducing costs at the time of purchase, through the use of this new electric car rebate scheme, should boost sales.
CSE President Lawrence Goldenhersh explains:
“Car shoppers in San Diego can now get preapproved before they purchase or lease an EV and then transfer the rebate amount directly to the dealership rather than applying for the rebate after the transaction. In just a few simple steps, the car dealership can claim the transferred rebate and use it to lower the customer’s down payment.”
To learn more about the program and apply online, visit:
California, through the CVRP, has applied some $480 million in rebates to over 218,000 electric vehicles since 2009. The CSE points out that about 75 percent of all eligible electric vehicle purchases and leases utilized the rebate during its first five years. Rebates vary from $900 to $5,000, depending on vehicle type and powertrain. Lower-income citizens can apply for an additional $2,000 toward their clean vehicle purchase.
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Source: Green Car Congress
Categories: Buying Advice