California is reducing the MSRP and income cap for the Clean Vehicle Rebate Project (CVRP), which offers discounts of up to $2,000 for electric vehicles and $1,500 for hybrids.
Starting February 24, the new rules will reduce the income limit for applicants from $150,000 to $135,000. program website. The cap for head of household miners will be reduced from $204,000 to $175,000. The general filter limit will be reduced from $300,000 to $200,000.
This means fewer high-income car buyers will qualify for the discount, potentially leaving more money for buyers who are more likely to need the rebate to be able to buy. an EV or plug-in hybrid.
Tesla Model Y
Separately, the MSRP limit for CVRPs is being reduced from $60,000 to $45,000 for passenger cars. However, the initial limit of $60,000 will still apply to pickup trucks and SUVs. This change also goes into effect on February 24.
Under the new rules, Polestar 2 and the BMW i3 will no longer be eligible for the discount, although that may not be relevant to the latter program. BMW abandons i3 from the United States last year, so supply may be running low.
2020 BMW i3
Higher SUV prices mean Tesla Model Y just qualified. Base Model 3 is $44,990, as CVRP doesn’t charge destination fees.
Released in 2010CVRP is separate from the California Clean Fuel Rewards (CCFR) incentive, just got smaller in November. California has reduced it from $1,500 to $750. CVRP requires a separate application after buying or renting a vehicle, but CCFR is a point-of-sale discount that is available immediately. The CCFR also has no CVRP earnings and price limits.
Meanwhile, at the federal level, it’s still unclear what might happen to the potential expansion of the EV . tax credit.
