The California Air Resources Board's Project Allocations For $500 Million

The California Air Resources Board's Project Allocations For $500 Million

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.

Tesla Model S

Tesla Model S

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