Texas $2,500 Rebate Finally Set To Go Live!
It seems like when it comes to plug-in vehicles in Texas, nothing is ever quite as smooth as we would like.
Such was the case with the state’s $2,500 electric vehicle rebate program; it was announced, but the finalized specifics of the program and the start date seemed to be in limbo for an extended period of time.
Thankfully, with the 83rd Texas Legislature enacting Senate Bill 1727 and the TCEQ (Texas Commission on Environmental Quality) also adopting the incentive program at the end of April, the only thing left to do is get the promotional materials ready and draft a release.
ETA on the program going live? “This grant round is expected to open within the next few weeks”
Some program specifics
If the vehicle is powered by an electric drive it must:
- have four wheels;
- have been manufactured for use primarily on public streets, roads, and highways;
- have not been modified from the original manufacturer’s specifications;
- have an unloaded vehicle weight of no more than 8,500;
- have a minimum top speed of at least 55 miles per hour; and be propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of at least 4 kilowatt hours and can be recharged from an external source of electricity.
To be eligible for the entire $2,500 rebate inside a lease, the term must be at least 48 months; otherwise it is prorated – 25% for 1 year, 50% for 2 years, 75% for 3 years. The incentive is capped at 2,000 vehicles per annum.
And yes, as expected the Tesla Model S will not be eligible to receive this rebate as the program clearly states it is intended for “manufacturers of light-duty motor vehicles intended to be sold or leased in Texas,” of which Tesla can not with their current direct-sales dealership model having been banned in the state.
We will keep our eye on the program and report back when it goes live.
(Hat tip to Josh!)