Starting in December, those looking to buy electric vehicles with a price tag of more than $60,000 won't qualify for rebates — nor will plug-in hybrids with less than 35 miles of all-electric range.
EV sales rose 65% in California in the first half of the year, led by Tesla. But that doesn’t mean consumers are suddenly in love with electric cars.for low- and moderate-income consumers by $1,500 and implemented high-income eligibility caps in 2016, under the direction of Senate Bill 1275. The state Legislature has continued to extend and expand that policy.
Changes in incentives probably won’t influence sales of high-priced vehicles being introduced by brands such as Porsche. The Porsche Taycan electric sports sedan,starts at $150,000. Porsche spokesman Calvin Kim said buyers of six-figure vehicles are drawn more by a luxury brand than clean-car incentives.
Customers get a $7,500 federal tax credit for new all-electric vehicles, but that credit winds down gradually to zero as car manufacturers sell more vehicles, and it disappears completely once sales volume hits 200,000 vehicles. The credit for a new Tesla has dwindled to $1,875 and will disappear in January. General Motors, which sells the Chevy Bolt, will see its $1,875 rebate reduced to zero on March 31.
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