California may offer bigger rebates for electric car owners
The cost of plug-in electric vehicles at first glance may seem high. But, factor in the different rebates and tax credits available, and the cost becomes quite attractive. Search incentives by your zipcode and you may find even more programs that will save you money.
Note: Vehicles listed here are passenger car PEVs that qualify for CA's CVRP program andor Clean Air Vehicle decal, however, other PEVs may be eligible for just a Federal tax credit. A complete PEV listing can be found in the vehicle search. For the most accurate MSRP information, visit the manufacturer website. Some manufacturers also offer very aggressive lease rates.
Clean Vehicle Rebate - A single payment rebate check is mailed directly to the applicant on a first-come, first-served basis generally within 90 days of approval, regardless if the vehicle is purchased or leased. (as funding is available, and some situations may cause longer wait times).
Federal Tax Credit - A credit of up to the amount shown can be claimed at tax time, and car buyers are encouraged to consult with a tax professional to understand what this means for them. This Edmunds article provides one perspective on what car buyers might expect. For leased vehicles, this tax credit is claimed by the manufacturer and sometimes used to bring down the lease price (the amount passed on to the consumer varies by dealer).
California HOV Lane Access - Applicants may apply for decals once the vehicle has a license plate and registration.
For a list of specific vehicles and their associated rebate rates, visit California’s Drive Clean website here.