New eligibility requirements are being introduced for the California Clean Vehicle Rebate Project by the California Air Resources Board in order to improve the effectiveness of the project, according to a new press release.
The changes will increase incentive levels for low- and moderate-income consumers, while also putting high-income eligibility caps into place.
The changes — which will apply to vehicle purchases and leases made in California onwards from March 29, 2016 — were actually approved by the California Air Resources Board (ARB) all the way back in June 2015, following Senate Bill 1275.
The new press release provides more:
Since 2010, the CVRP has issued over $291 million in rebates for more than 137,200 vehicles, according to the Center for Sustainable Energy (CSE), which administers the ARB program. Rebates cover a range of battery electric, plug-in hybrid electric and fuel cell vehicles.
For low- and moderate-income consumers, CVRP rebates for all types of eligible light-duty passenger vehicles are being increased by $1,500. When combined with the $7,500 federal tax credit for battery electric and plug-in hybrid electric vehicles, the California rebates provide savings up to $11,500. To qualify for the increased rebates, applicants must have household incomes less than or equal to 300% of the federal poverty level. For an individual, the gross annual income limit is $35,640, and for a household of four, it is $72,900.
As mentioned above, high-income consumers will no longer have access to the rebates as an accompaniment to increased incentive levels for low-income consumers. High-income in this case refers to those whose “gross annual income exceeds $250,000 for single tax filers, $340,000 for head of household filers and $500,000 for joint filers.”
Income levels will be determined by federal tax return filing figures.
More information can be found here.