Massachusetts will be slashing the rebate available for electric vehicles with a base MSRP over (or equal to) $60,000 — down to $1,000 per vehicle, from the previous rebate amount of $1,500 or $2,500. Electric vehicles retailing for less than $60,000 are still eligible for a higher rebate.
The new rates will be effective beginning February 29, 2016 — meaning that anyone looking to receive the higher rebate amount needs to submit their application before the 29th.
Applications can only be submitted after possession of the vehicle has been taken, it should be remembered. Those wishing to submit an application can do so at the Massachusetts Offers Rebates For Electric Vehicles (MOR-EV) website.
As another reminder here — “electric vehicles” here refers to all-electrics (EVs) and also to plug-in hybrids (PHEVs). EVs are eligible for the $2,500 rebate, and PHEVs are eligible for the $1,500 rebate. (A couple of PHEVs, such as the Chevy Volt, are eligible for the $2,500 rebate.) And fuel-cell vehicles are also eligible to receive a rebate ($2,500) in Massachusetts (not that we expect any of those to be in the state), as well as zero-emissions motorcycles ($750).
Here’s a (probably non-comprehensive) list of EVs and PHEVs that will be affected by the change:
- BMW i8
- BMW X5 XDrive40e
- Cadillac ELR
- Tesla Model S
- Tesla Model X
- Porsche 918 Spyder
- Porsche Cayenne S E-Hybrid
- Porsche Panamera S E-Hybrid
- Volvo XC90 T8
To make an obvious point here, the Tesla Model 3 will of course still be eligible for the full rebate.
For an overview of the incentives on offer for EV and PHEV purchases at the state level, see: EV Incentives By US State.
(A tip of the hat here to “robby” on the Tesla Motors Club forum.)