On February 28, 2013 the California Energy Commission (CEC) voted to expand the state’s clean vehicle rebate project (CVRP) with a reward of $4.5 million in additional funding.
For those who are unfamiliar, the CVRP is funded by the California Environmental Protection Agency’s Air Resources Board (ARB) and provides rebates of up to $2,500 for new purchases of eligible zero-emission vehicles (ZEV) or plug-in hybrid electric vehicles (PHEV).
Since the project began in 2009, there has been over $42 million in rebate funding and over 18,600 rebates issued. San Diego County has reaped the benefits of having over 1,900 rebates issued and over $5 million in rebate funding. From October 2012 to January 2013, there have been over 1,500 rebates issues in each month.
California has accounted for about 40 percent of all purchases of plug-in electric vehicles nationwide during the past two years and constitutes 10 percent of the country’s plug-in electric vehicle market.
Hopefully this addition in funding will continue to allow California to be the leader in the country’s electric vehicle market and help get more EVs on the road!
If you’re looking to buy a new electric vehicle, read more about the CVRP.