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California (potentially) new EV incentive program

Discussion in 'Model 3' started by insaneoctane, Jul 26, 2017.

  1. insaneoctane

    insaneoctane Member

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    I've been reading about this new AB 1184 trying to understand it's potential impact to EV buyers. Here's a recent article:
    California bill would boost electric car rebates by $3 billion, but where will the money come from?

    Since we are the absolute BEST in the world of speculation here in the model 3 forum, I am wondering folks thoughts on how it impacts us future M3 buyers? Specifically, when do you speculate it would go into effect? According to the article "The bill has already passed the Assembly and two Senate committees. A full Senate vote could send the bill to Gov. Jerry Brown’s desk within weeks." Usually rebates are NOT retroactive... So it might impact whether a Californian waits for AWD, etc....
     
  2. four-walling

    four-walling Member

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    According to a recent LA Times article on this subject, don't count on it.
     
  3. oktane

    oktane Active Member

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    It will come from Tesla owners.
     
  4. omgwtfbyobbq

    omgwtfbyobbq Member

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    It'll probably come from the same place it's coming from currently, auction proceeds from CA's cap and trade program.

    California Climate Investments

    It's not guaranteed, since there's no guarantee on how much the auctions could bring in or how that money will be allocated, but odds are it'll continue like it has so far.
     
  5. AceSkywalker

    AceSkywalker Member

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    The cap and trade system has generated less money for the state than anticipated, which is troubling for incentives and the state's high speed rail program. Regardless, incentives are still being issued, and people are building the rail line as we speak, so take it as you will.
     
  6. McRat

    McRat Active Member

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    Aug 17 is the next hearing in the Senate.
     
  7. tracksyde

    tracksyde Member

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    It doesn't sound like a new incentive/program to me. It sounds like they just want to try and guarantee funding for the existing program over the next 7 years or so.
     
  8. omgwtfbyobbq

    omgwtfbyobbq Member

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