$54,630 - $7,500 Clean Vehicle Rebate - $7,500 Federal Tax Credit = $39,630 plus tax, title, and license. Could somebody give some thoughts or insight on this?
Summary of February 28, 2023 updates:
Applications must be submitted within 90 calendar days of purchase or lease to be eligible for a rebate. Previously this was stated as 3 months.
In addition to the standard CVRP rebate, consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate amount of $5,500 (previously $2,500) for BEVs and PHEVs, and $3,000 (previously $2,500) for FCEVs. This amounts to:
$7,500 for fuel cell electric vehicles (previously $7,000)
$7,500 for battery-electric vehicles (previously $4,500)
$6,500 for plug-in hybrid vehicles (previously $3,500)
Summary of February 28, 2023 updates:
Applications must be submitted within 90 calendar days of purchase or lease to be eligible for a rebate. Previously this was stated as 3 months.
In addition to the standard CVRP rebate, consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate amount of $5,500 (previously $2,500) for BEVs and PHEVs, and $3,000 (previously $2,500) for FCEVs. This amounts to:
$7,500 for fuel cell electric vehicles (previously $7,000)
$7,500 for battery-electric vehicles (previously $4,500)
$6,500 for plug-in hybrid vehicles (previously $3,500)