Affordable and electric are two words consumers might never expect to put together. Right? Well, recent government incentives may change our notions of EV driving. Enter the new dawn of environmentally and economically sound vehicles… maybe.
The federal government is offering a $7,500.00 tax credit to all EV buyers. California takes it a step further, offering an additional $5,000.00 rebate. And, as if that wasn’t sweet enough, California’s San Joaquin Valley local government shells out another $3,000.00 rebate. That’s a grand total of $15,500.00 off for lucky residents.
With last week’s defeat of Prop. 23 there might be even more of a reason for Californians to go electric – analysts say the defeat means gas prices are sure to rise.
Expensive gas + less expensive EVs… seems like California has hit on a pretty smart equation.
Colorado, Georgia and Hawaii also offer some form of credit or rebate for EV buyers. But even with these added benefits, it’s going to take a little longer to get the general public buying green. Diehard electric enthusiasts will account for most of the initial sales. Still, it’s a step in the right direction. If only more states would jump on the incentive wagon, we might finally be getting somewhere.