The Tennessee Department of Environment and Conservation has decided to brings back the state's electric car rebate program.
WPLN-FM reports that the "state had $682,000 left two years ago after shutting down the subsidies, which were approved five years ago under former Gov. Phil Bredesen. The funds have remained unspent."
Those funds will now be put back out there for plug-in and hybrid cars buyers.
Tennessee buyers of plug-in electric cars will receive a $2,500 starting this June. Hybrid buyers get $1,500. The rebates will be issued until the $682,000 is depleted.
Program manager Molly Cripps commented:
"I mean, air quality is one piece, certainly. It is also to support not just Nissan, but any manufacturers of whether it be an electric vehicle or more sustainable transportation."
Tennessee had originally set aside $2.5 million for the rebate program. The state issued 727 rebates over a two-year time period before the program came to a halt.
To be eligible for the rebate, buyers must live in Tennessee and the purchase must be made at a dealership in the state.
Source: Biz Journals