Pub 6 2021 Issue 1

24 C alifornia leads the nation with the highest number of electric vehicles (EVs) on its roads, due to the State’s promotion and protection of public health, welfare and the environment. The State’s encouragement of EV adoption through incentive programs confirm California’s commitment to improving access to clean air throughout our communities and has led to the shift away from gasoline and diesel vehicles. Since 2009, the California Air Resources Board has implemented the Clean Vehicle Rebate Project (CVRP), a program administered by the Center for Sustainable Energy, to promote statewide adoption of clean vehicles. CVRP benefits EV shoppers with a financial incentive rebate of up to $7,000 for the purchase or lease of a new, eligible EV dependent on applicant income eligibility. CVRP Program Overview: CVRP has frequent updates to funding and program changes, which helps expand accessibility of EV adoption to California residents. CVRP current eligibility requirements include: Consumers are ineligible for a rebate if their gross annual income exceeds the following thresholds. • $150,000 for single filers • $204,000 for head-of-household filers • $300,000 for joint filers The caps do not apply to FCEV’s. Applicants must fulfill the following requirements for eligibility. • Must be a California resident. • Vehicle must be new at time of lease or purchase. • One rebate per person. FCEV’s may qualify for second rebate. • Must apply within three months after purchase. • Rebates have a cap of $60,000 base MSRP (except FCEVs). • Eligible PHEVs must have a minimum all-electric range of 35 miles in compliance with the Urban Dynamometer Driving Schedule (UDDS) test standards. • Vehicle must be owned, operated and registered in California for a minimum of 30 months. • Previously registered unwinds, rollbacks and demo vehicles are not eligible. S tatewide Dealership Influence of EV Adoption: There are 1,277 new car dealerships eligible for CVRP in the state of California, which has amounted to over 371,500 rebates administered and over $851 million in incentives received. Vehicle Type Total Vehicle Rebates Funding PHEV 132,315 $213,670,246 BEV 231,105 $600,102,483 FCEV 7,014 $35,973,168 ZEM 1,073 $1,939,350 TOTAL 371,507 $851,685,247