Electric vehicles: California rebates sliced in half
California’s Air Resources Board voted Thursday to slice in half to $2,500 the rebate buyers of electric vehicles can collect.
The state ran out of money to fund the $5,000 rebates that had been in place for several years.
About 500 buyers of cars such as the Nissan Leaf and Tesla Roadster are on a rebate waiting list and will collect the $2,500. State officials estimate there is now enough money to pay rebates to an additional 5,000 to 6,000 buyers.
Electric vehicle sales are expected to grow as more automakers come out with models.
The battery-electric and plug-in offerings set to hit dealerships in the next 18 months include the Mitsubishi iMiEV, the Ford Focus Electric, the Toyota Prius plug-in hybrid, the Toyota RAV4 electric, the Honda Fit EV and a plug-in hybrid version of the Honda Fit.
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Photo: Nissan Leaf. Credit: Nissan