Ever so environmentally conscious California offered its citizen a rebate up to $5,000 if they buy an electric car. That and the $7,500 federal tax credit adds up to a good chunk of money. 1978 vehicles later, the state is out of funds. No more. According to the California Air Resources Board, “the Clean Vehicle Rebate Project may run out by July due to high consumer demand.” May run out? It already did.
If you go to this page, you will see that California’s clean kitty of $11.1 million is already empty. People are already on a waiting list.
The California Air Resources Board has requested more money, between $12 million and $17 million. It hopes the money will be available in fall. Then, however, the rebate amount should be halved to $2,500 says the ARB. Also, “even with the anticipated increased number of rebates available, this funding is limited and may not be sufficient to meet consumer demand next year, so consumers are encouraged to apply early.”
You don’t need to wait until new fund become available. Hand in your application, and you will land on the waiting list. Then pray that the ARB will receive the funding it requested.