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California could put $60,000 MRSP limit on EV tax rebates – AutoblogGreen

In California, electric vehicles have been selling so well that the California Air Resources Board (CARB) is discussing ways to reduce the amount spent on the state’s Clean Vehicle Rebate Program (CVRP). The program, which provides tax rebates to EV buyers, is $30 million in debt this year, according to the Capitol Weekly. A new discussion document that was presented at CARB’s April 3 meeting lists two main ways that the state could save money while still supporting EV sales.

There could be a $60,000 price limit on plug-in vehicles that CARB would subsidize.

Option one is to reduce the rebate by $500, which would mean pure EVs would get $2,000 and plug-in hybrids would get $1,000. The other option would be to put a $60,000 price limit on plug-in vehicles that CARB would subsidize. Currently, this would only affect two vehicles: theTesla Model S and the Cadillac ELR. You can find the details in this PDF; see pages 20-23 for discussion on reducing the rebates.


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