If you have a car on order they will be updating your loan agreement today. But their system is having issues. I received 5 emails asking to re-sign the agreement that I signed yesterday. Picking up the car in 2 hours... perfect timing. If you already made you final payment (as I did) you should receive a refund check in 4-6 weeks. Original thread here Picking up MY in a few hours, now blank account screen?
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New $1500 rebate for CA owners
- Thread starter Kodemonkey
- Start date
kishkaru
Member
The program is for new EV/PHEV purchases/leases starting today, for all CA residents (no income cap). This is essentially a replacement for the old Edison/PG&E/SDG&E rebate thing. The difference here is that there’s no paperwork involved, and you get the discount off the purchase/lease price at the dealer directly, before you even drive off the lot.
Note, this is separate from the state CVRP rebate, which is currently $2000 (was $2500 for BEV or $1500 for PHEVs).
So now the total is $7500 (fed) - $2000 (state) - $1500 (state) (for qualifying EVs, Tesla/GM excluded from $7500 fed)
Keep in mind that the $2000 CVRP state one has an income cap (I think $160k?), and a max of 2 uses, lifetime per person.
One more thing about the new rebate-- it is taxed. See the program agreement for details (paragraph 4)
As an example, with 9.25% tax, you only end up getting: $1500 * (1-0.0925) = $1361.
I believe the CVRP and PGEdison/PG&E/SDG&E rebates was not taxed (although you were supposed to disclose them on your tax returns as additional income)
Note, this is separate from the state CVRP rebate, which is currently $2000 (was $2500 for BEV or $1500 for PHEVs).
So now the total is $7500 (fed) - $2000 (state) - $1500 (state) (for qualifying EVs, Tesla/GM excluded from $7500 fed)
Keep in mind that the $2000 CVRP state one has an income cap (I think $160k?), and a max of 2 uses, lifetime per person.
One more thing about the new rebate-- it is taxed. See the program agreement for details (paragraph 4)
As an example, with 9.25% tax, you only end up getting: $1500 * (1-0.0925) = $1361.
I believe the CVRP and PGEdison/PG&E/SDG&E rebates was not taxed (although you were supposed to disclose them on your tax returns as additional income)
kishkaru
Member
The old program was better, when CVRP was $2500 last year. You would've gotten $2500 CVRP + $1000 CFRP (Edison) = $3500
Now you only get $2000 CVRP + $1346 CCFR = $3346
But it's also unclear if the $1000 CFRP is going away, as Edison still advertises it.
If they both stack, then its $2500 CVRP + $1346 (CCFR) + $1000 CFRP (Edison) = $4346
For now, I think this is all too new for anyone to make the call.
Just so we don't get lost in acronyms
:
CVRP - Clean Vehicle Rebate Program
CFRP - Clean Fuel Reward Program
CCFR - California Clean Fuel Reward
Now you only get $2000 CVRP + $1346 CCFR = $3346
But it's also unclear if the $1000 CFRP is going away, as Edison still advertises it.
If they both stack, then its $2500 CVRP + $1346 (CCFR) + $1000 CFRP (Edison) = $4346
For now, I think this is all too new for anyone to make the call.
Just so we don't get lost in acronyms
:CVRP - Clean Vehicle Rebate Program
CFRP - Clean Fuel Reward Program
CCFR - California Clean Fuel Reward
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kishkaru
Member
Yes, now I do believe it's a replacement for the old Edison/PG&E/SDG&E rebates. PG&E has updated their website to depreciate the program:
I think it makes sense to have a single statewide program than all these separate utility rebates. At the end of the day, the funds for those utility rebates came from the states so it's not like they were paying for it.
I think it makes sense to have a single statewide program than all these separate utility rebates. At the end of the day, the funds for those utility rebates came from the states so it's not like they were paying for it.
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Did you mean SDGE because the link you provided was for SDGE. PGE still has it on their site: Electric vehicle (EV) rebates
EDIT: When you try to apply for it, you get this message:
They re-did my entire loan and applied it as a down payment. Which is fine. It lowered my payment $25 a month. I was just able to accept the loan agreement, and now I can't see the damn PDF. Literally going out the door to pick it up.
kishkaru
Member
This is what it should look like when it's updated. Just be patient.
Alternatively, add up "Car Price" plus everything under "Additional Charges". If its greater than the displayed "Total Cost of Vehicle", then the CCFR is already applied, but they haven't added the line item yet. Here's an example from mine:
$55,290 + "additional charges" = $61,072.33.
$61,072.33 - $59,572.33 (total cost of vehicle) = $1500.
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They did it automatically. I was 2 hours from picking up the car and all of a sudden my agreements were missing from the page. Called the SC where the car was and that’s when I found out about it. I’m sure they gave people like me that had a delivery date today priority. So, if it isn’t updated by your day of delivery I would call.
jmatero
Member
kishkaru
Member
No, the program is only for new BEV/PHEV purchases/leases starting 11/17/2020.
If you purchased earlier in the year or last year, you can still apply via one of the legacy programs until 12/31/2020, depending on your utility:
SCE - Clean Fuel Reward Program - $1000 - for purchases 1/1/2019 - 11/16/2020
PG&E - Clean Fuel Rebate - $800 - for purchases until 11/16/2020
SDG&E - Limited EV Purchase Credit - funds undisclosed - for purchases 3/1/2019 - 11/16/2020
If you purchased earlier in the year or last year, you can still apply via one of the legacy programs until 12/31/2020, depending on your utility:
SCE - Clean Fuel Reward Program - $1000 - for purchases 1/1/2019 - 11/16/2020
PG&E - Clean Fuel Rebate - $800 - for purchases until 11/16/2020
SDG&E - Limited EV Purchase Credit - funds undisclosed - for purchases 3/1/2019 - 11/16/2020
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