interesting article I came upon on Bloomberg this morning about car manufacturers including Tesla and Ford trying to change how California EV rebates are issued. The car manufacturers would like to see them issued directly from the manufacturer when you buy the car instead of the current method of buyers having to apply to the utility and wait for their check. Still an undecided issue: "At Friday’s meeting, ARB will vote on whether the staff should change direction on this and other issues during a formal rulemaking. A final vote is scheduled for September."
Tesla’s Foe in Fight Over Electric Vehicle Rebate: Utilities
Personally I think buyers would rather avoid the hassle and time involved in filling out forms and waiting for money and would rather have the money deducted right on the spot when they buy their car if I'm understanding how the manufacturers are proposing it be handled. I'm sure the utilities would love to sit on the rebate money and likely earn interest on it in the meantime--just my guess how that works for them. Also by letting the manufacturers be able to issue the rebate funds at time of purchase, it eliminates the middle man, which I think in this case is the utility companies, always a more efficient way to process things.
Tesla’s Foe in Fight Over Electric Vehicle Rebate: Utilities
Personally I think buyers would rather avoid the hassle and time involved in filling out forms and waiting for money and would rather have the money deducted right on the spot when they buy their car if I'm understanding how the manufacturers are proposing it be handled. I'm sure the utilities would love to sit on the rebate money and likely earn interest on it in the meantime--just my guess how that works for them. Also by letting the manufacturers be able to issue the rebate funds at time of purchase, it eliminates the middle man, which I think in this case is the utility companies, always a more efficient way to process things.