California Runs Out of Clean Vehicle Rebate Funds for ZEVs and Plug-ins - Consumers Buying These Vehicles Will Now Be Added to a Waiting List
CNCDA just received word that the California Air Resources Board (CARB) will suspend rebates of up to $2,500 under the Clean Vehicle Rebate Program TODAY. Buyers of these vehicles who complete applications will be added to a waiting list for $5 million in additional funding. Eligibility for federal rebates are not affected by this announcement.
Beyond the additional $5 million already allocated (which at current sales volume could last for less than 30 days), consumers added to the waiting list likely must await funding to be approved by CARB and as part of the state budget to be adopted this summer. Though we believe that that this program will receive additional funding, there is no guarantee that it will. Potential electric vehicle customers should be made aware of this fact. Rebates from the waiting list won't be paid until late September at the earliest, according to CARB.
