CARB Adds $4.5 Million in Funds to Clean Vehicle Rebate Project
In late February, the state of California approved a measure that will add $4.5 million in funding to the state's Clean Vehicle Rebate Project (CVRP).
More specifically, the California Energy Commission awarded the CVRP with $4.5 in additional funds to boost sales of electric and plug-in hybrid vehicles.
Rebates per vehicle vary, ranging from a low of $900 for neighborhood electric vehicles and electric motorcycles, to a maximum of $2,500 for most highway-capable electric passenger vehicles.
The goal of the rebate project is simple: to support the rapid commercialization of zero-emission vehicles, with a target of having 1.5 million on California roads by 2025.
To date, the California Air Resources Board (CARB) has issued 18,000 rebates valued at a total of $41 million.
With the addition of $4.5 million, and counting funds the CVRP already had in reserve, the purchase of nearly 10,000 plug-in hybrids or 6,000 pure electric vehicles will still be eligible for rebates in California.
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