California’s new $1,500 electric rebate applies to all buyers and brands. You get it immediately – no waiting for a tax refund.
This “point-of-sale price reduction” is also applied on top of the state’s own tax refund as well as the federal refund, if applicable. The reduction is taken off the price of the car at the point of sale by the dealer and the buyer doesn’t need to do any paperwork after the fact.
The federal government offers a $7,500 tax refund for the purchase or lease of an electric car and many plug-in hybrids, but first, you have to pay enough tax to get that refund. Second, you have to buy something other than a Tesla or Chevrolet since those brands have long-since exceeded a sales quota the refund is applied too. And third, even if you’ve cleared hurdles one and two, you’ll have to wait until the next tax season to see that money.
Read the article at Autoblog.
