State rebate for electric cars may be tried again: Roadshow

By Gary Richards: mercurtynews – excerpt

Q: I am sad that Assemblyman Phil Ting’s bill to increase state rebates for EVs did not pass. We need to incentivize both purchases of EVs (especially the lower-priced ones) and the installation of more EV charging stations…

A: This is almost certain to come up again. Ting’s bill would set aside state money for this program. No need to rely on federal aid or Donald Trump…

More than 1.5 million electric vehicles will be on California roads by 2025, and 5 million by 2030.

Assembly Bill 1184 [AB 1046] would have created the California Electric Vehicle Initiative (CEVI). It would provide point-of-sale rebates to EV buyers, with the rebate value scaled-down as state EV sales hit certain milestones, up until 2030.

CEVI rebates would be redeemed at car dealerships, reducing the sale price right at the time of purchase and eliminating the need to file tax rebates with the state. They would be valued initially to make the cost of battery-powered vehicles comparable to similar models of gasoline-powered vehicles, after federal and other credits. Its $3 billion worth of incentives would come from a portfolio of taxpayer-neutral sources. Transportation accounts for 40 percent of California’s greenhouse gas emissions. California has set ambitious goals to reduce emissions by 40 percent below 1990 levels in 2030…(more)

The article is referencing the wrong bill. The correct number of the 2019 Ting California Electric Vehicle Initiative is AB 1046.

 

 


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