Tag "California’s Tax Rebates on EVs, PHEVs Now Based on Income"

California’s Tax Rebates on EVs, PHEVs Now Based on Income

– The state of California wants to make zero-emission vehicles more enticing to average buyers who may not yet be able to afford such technology. As of July 1, average-income families will get a bigger tax rebate on the purchase of new fuel-cell, electric, or plug-in hybrid vehicles. The twist is that the rebate disappears completely for high-income buyers. – As Damon Lavrinc reports at Jalopnik, the new incentive structure replaces California’s