![]() ![]() Here is a list of EVs that do qualify for the CVRP rebate: Note: Tesla adjusted pricing across all models on January 12, 2023, putting the Model 3 and Model Y (assuming it is classified as an SUV) back within qualifying prices for the California EV rebate. Which Vehicles Qualify for the California EV Rebate? For further guidance on eligibility, you can check out the current eligibility guidelines here. This can be handled with a copy of your W2 (and your spouse’s, if applicable). Sometimes, the program will ask for a verification of your income as they review your application. Less than $175,000 for head of household filers.What are the income requirements for the CVRP? This requirement has changed quite a bit over the life of the CVRP, but gross income thresholds for California’s EV rebate eligibility in 2023 are as follows: ![]() Supporting documentation, such as a copy of your EVs registration, your purchase contract, a copy of your driver’s license, must be submitted within 14 days of the application’s submission. Next, you’ll need to file your application with the CVRP within 90 days of purchasing or leasing a qualifying EV. You can check the currently-available CVRP funding amount here. However, the program may put you on a waitlist to receive future rebate funding provided your application and supporting documents were submitted in order and on time. California has set aside a fixed amount of rebate money for the CVRP project, and getting your application in doesn’t guarantee that you’ll receive a rebate. Second, you’ll have to apply for the rebate before funding for the program is exhausted. If you move out of state or try to sell the EV before the 30-month time frame is up, you may have to reimburse the California Air Resources Board with your rebate amount. The EV must also be registered with the California DMV for that length of time. A major part of the terms and conditions for CVRP eligibility is the 30-month clause: the EV must remain in the hands of the individual applying for the rebate for 30 consecutive months and operate in the state of California. Seems like a no-brainer requirement, but there are some features of the rebate that make this requirement notable. Let’s take a look at each step:įirst, you must be a California resident to qualify. How can you get the California EV rebate? It’s not too complicated: you must reside in California, file an application on time, meet the right income criteria, and buy a new, qualifying EV. Additionally, an increase of $5,500 (formerly $2,5) can be added to the rebate for applicants who meet the appropriate criteria for low-to-moderate income families (based on 400% of the 2023 Federal Poverty Level). For Battery Electric Vehicles (BEVs), the rebate offered is worth $2,000. Unlike a federal tax credit (a non-refundable amount that reduces your tax burden), the rebate amount is paid to you by a check from the program in the amount that you’ve qualified for. Technically, this isn’t a California EV credit: it’s a rebate. ![]() The major clean vehicle program with the highest value to EV buyers in the Golden State is the Clean Vehicle Rebate Program (CVRP). Please consult your own accounting, tax, and legal advisors before engaging in any transaction. Let’s take a look at California’s current state-level incentives first: State Level Incentives: California EV Rebates and Grantsīefore we get started, we want you to know that this article is for informational purposes only, and is not intended to provide, and should not be relied on for, financial, tax, legal or accounting advice. Over time, these incentives have become more restricted to lower priced EVs and lower income buyers or, in some cases, phased out altogether. To help encourage residents to ditch fossil fuels and go electric, California has aimed several incentives at EVs. ![]() If you haven’t already heard, here’s the “why” behind California’s EV incentives: the state plans to eliminate the sale of all gas-powered vehicles by 2035. California’s EV Tax Credit – Clean Vehicle GoalsĪs one of the most outspoken states on the subject of climate change, California boasts rebates for both new EV purchases and, in some areas of the state, for used EVs and home charging station installations. We’ll discuss the terms of the California Clean Vehicle Rebate, how to find local incentives for EV buyers, and what to do if you don’t qualify for EV rebates in California. In this article, we’re going to take a quick look at California’s state and local incentives. Plenty of states have their own goals when it comes to clean energy and automobiles, and consumers can benefit on the state and local level from a number of programs designed to encourage the switch from internal combustion engines to electric vehicles. Credits, rebates, and other incentives for EVs go beyond the Federal Tax Credit for Clean Vehicles. ![]()
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