Very good perspective. Another way to look is:Just to put the math out there:
There's $23,000,000 left in funding for this phase 2 program
Assuming everyone is getting 5,000 back that would only cover 4,600 electric vehicles.
Assuming 25% are getting 2,000 and the other 75% are getting 5,000 that would be 6,325 total electric vehicles
Just as a reference there were about 200,000 deliveries in Q2 of 2021 of which its estimated NJ was somewhere between 5-8% of them. Even assuming NJ was 5% of deliveries that's 10,000 vehicles in NJ.
Averaging out the two options above, let's say only 5,500 vehicles will qualify... that's half of the Q2 deliveries. And Q3 is expected to bring in a ton more NJ orders because of this incentive.
Even taking into account Performance models and S/X models (that wouldnt qualify anyways) it wouldn't really change the numbers much since there werent that many deliveries of those types of cars anyways.
Needless to say (unless my math is ridiculously off) most people who are ordering for Q3 will NOT get the incentive as the funds are going to run out pretty quickly.
Goal is 330,000 vehicles in 10 years. Say 90% i.e. 300,000 are qualified for rebate. Half of 300,000 qualifies for $2,000 (150,000 x $2,000=$300,000,000) and another half qualifies for full $5,000 (150,000 x $5,000 = $750,000,000). That translates to $105 million per year over 10 years (if NJ wants to be fair to all to get rebate if qualifies) while state has only allocated $30 million per year - meaning running out of fund in 4 months each year?