California Changes Electric Vehicle Rebates to Benefit Poorest Car Buyers
It seems that California has decided to make it easier for people who would most want to save money on gas to buy plug-in hybrid, electric, and hydrogen-cell cars.
More Green Car News: Nissan Takes Energy Star Partner Award
The state has added income-based caps on electric car rebates, removing them entirely for those who make over $250,000 per year (except for hydrogen cars). Now, those who make less than 300% of the Federal Poverty Limit (which varies based on the number of people in your household—at the time of writing, they were $11,770 for one person, $15,930 for two, and so on) can receive up to $3,000 for a plug-in hybrid, $4,000 for an electric car, and $6,500 for a hydrogen fuel-cell car.
On the old system, richer buyers claimed the rebate the most often, with 75% earning more than $99,000 per year and 26% in that highest income group of over $250,000.
More Green Car News: 2015 Nissan Versa Wins Best Green Car Value Title from AAA
This decision comes after intense debate over whether wealthy buyers should receive these subsidies, and it is hoped that the new system will encourage people of lower incomes to purchase more fuel-efficient, less-polluting cars.
- Tim ShultsContributor
Tim Shults is the President of the Shults Auto Group. In his spare time he likes to play golf and spend time with his four daughters. Shults Auto Group is the largest auto group in the Southern tier. With over 400 employees, Shults Auto Group has 11 different dealerships carrying 15 different makes and 2 strictly used car stores, Shults Toyota, Ed Shults Chevrolet Cadillac, Shults Chevrolet of Westfield, Edmond Chevrolet Buick GMC, Ed Shults Ford Lincoln of Jamestown, Kia of Jamestown, Ed Shults Subaru of Warren, Shults Hyundai, Ed Shults Chrysler Dodge Jeep of Warren, Shults Resale, Shults Resale Olean, and Shults Nissan.