For people who California determines earn low or moderate incomes, the rebates are meatier at $4500, $3500, and $7000, respectively. Pennsylvania has an EV rebate program worth $1750 but to qualify, you need to live in a county with poor air quality OR meet low income requirements. It mentions that the maximum income that is allowed by this is $150k. You mean if I have $7500 already withheld from taxes on my paychecks throughout the year then I would get $7500 back and it doesn’t necessarily means that I have to owe at least $7500 at the end of the year in order to get that back as refund? Clean Vehicle Rebate Program (CVRP) Get up to $7,000 to purchase or lease a new plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV), or a fuel cell electric vehicle (FCEV). We may earn money from the links on this page. Be an individual, business*, nonprofit or government entity that is based in California or has a California-based affiliate at the time the rebated vehicle is purchased or leased. Mar … One way around this would be to transfer the title to a less wealthy family member, obtain the HOV stickers, and transfer the title back. Federal is a credit of up to $7,500 and is not income restricted. The HOV sticker has no income limit. Find out how much you could save depending on where you are in the car-buying process. You can file for the HOV sticker … California will exclude people who make more than $150,000 a year from getting an electric-vehicle rebate starting December 3. Federal is a tax credit so it depends how much you pay in taxes. Since 2010, the state has handed out $809 million to help put 354,000 battery-electric, plug-in hybrid, and hydrogen fuel-cell vehicles on public roads. If you’re a resident of California, you could get $2,000 to $7,000 cash back for buying an electric car under the California Clean Vehicle Rebate Program (CVRP). I plan on cutting back on my 2018 IRA/SEP distributions and defer some 2018 consulting fees (they are usually prepaid ) and then use my 2018 return numbers. California legislators want a brighter socioeconomic tomorrow for their citizens, and this is one small part of that, at any cost. California's new electric vehicle (EV) incentives for the lower income help them improve air quality and fight climate change by going electric. California EV Rebate Income Caps Just about to submit my request for a CA EV rebate ($2500) and noticed there are gross income caps of $150,000 for single earner, $300,000 for household. 2. Congratulations! However, for fuel cell vehicles where the rebate is $5000, you can choose to get the rebate in lieu of stickers if your income is above the limit. @rjs68 CA HOV … Any EV or PHEV with a base price of $60,000 or higher is off the program, too. The OR choice is if you have a Fuel Cell vehicle, so if you are above the income limit, you can choose HOV sticker OR rebate. The cutoff for the new rules is December 3. Be patience as California will be getting a lot more money from offsetting carbon (green house gas) to possibly removing the income cap for state rebate of $2500. Eligible applicants must meet requirements that include, but are not limited to, the following: 1. Our car experts choose every product we feature. Hi guys! Battery-electric cars yield a $2000 rebate, plug-in hybrids are $1000, and hydrogen fuel-cell cars are $4500. California is changing state rebates for electric and hybrid cars (up to $2,500 for BEVs and $5,000 for hydrogen fuel cell cars). That didn't dampen the enthusiasm. A friend passed this along to me as well. Over the years, the state has put caps on its electric car rebates because they've become too popular. CVRP offers vehicle rebates on a first-come, first-served basis and helps get the cleanest vehicles on the road in California by providing consumer rebates to reduce the initial cost of advanced … 267. You are not reading the form correctly. For the second time in three years, California has tightened the income caps on buyers eligible to claim cash rewards for a new electric car. With the Battery vehicles, you can always get the HOV stickers no matter your income, but you can ALSO get the rebate if you below the income threshold. Launch Delayed to 2023, Our Model 3 Has Lost 7% of Its Battery Capacity. So if you have taxes of $5k, you'll get a $5k credit. This is my situation: I am a day one reservation holder for the Model 3, and am expecting a car delivery … Those with incomes less than 300% of the Federal Poverty Limit will now get up to $3,000 toward a plug-in hybrid, $4,000 for an EV, and $6,500 for a fuel cell vehicle. I guess my many S/X owners getting the CA rebate. Rebate is not available. October 2018 edited October 2018. In addition to income tax rebates or credits, some states provide EV and other plug-in vehicle buyers with discounts on sales tax, registration, or title fees. Submit a CVRP application prior to exhaustion of available rebate funds and within 3 months of the vehicle purchase or lease date†… Does anyone know when exactly they calculate your income? Unlike the federal tax credit—which many Tesla owners have cheated despite the company's credits being phased out—the California rebate is straight-up cash at the point of sale, or as a check in the mail up to 18 months afterward. 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