backtop


Print 35 comment(s) - last by wuli.. on Aug 27 at 6:31 PM

Some residents qualify for a local rebate of $3,000

The state pushing the hardest to transition drivers from gasoline-powered vehicles to electric vehicles and hybrids is California. Part of the state’s push to get people to adopt electric vehicles has come by way of tax credits and rebates (which are in addition to rebates available at the federal level).
 
All of those rebates can be combined making for a significant discount off the purchase price of an electric vehicle. The state of California offers a $2,500 rebate on the purchase of an electric car. The federal tax credit for buying an electric vehicle is $7,500. However, the San Joaquin Valley Air Pollution Control District recently announced that it is offering drivers in the district another $3,000 to purchase an electric vehicle.
 
When combined the local, state, and federal tax rebates, this represents a total of $13,000 off the price of an EV. To compare, in the state a new gasoline-powered Toyota Corolla has a sticker price of just under $18,000. By comparison, the electric Mitsubishi iMiEV has a sticker price of $29,975. That is a huge difference between factory MSRPs for the vehicles, but when you knock off the $13,000 in credits, the purchase price of the Mitsubishi EV is a more palatable $16,975.
 
Despite the significant discount, most drivers still stay away from electric vehicles. The biggest reason is range anxiety and long charging times. However, electric vehicles can be cheaper to operate. An example would be to drive the gasoline-powered Corolla mentioned before with a travel distance of 40 miles a day with gasoline at $3.95 per gallon would cost the driver $150 a month. Charging the electric car to drive the same distance each day would cost about $50.
 
President Obama is also seeking to expand tax credits for EVs by bumping the federal credit from $7,500 to $10,000, making the price gap even less if approved.

Source: CBS47.tv



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

Heh
By Brandon Hill (blog) on 8/24/2012 9:27:47 AM , Rating: 5
quote:
The state pushing the hardest to transition drivers from gasoline-powered vehicles to electric vehicles and hybrids is California.


More like:

quote:
The state pushing the hardest to go even deeper into debt is California.




RE: Heh
By TSS on 8/24/2012 9:50:27 AM , Rating: 2
since 3 municipalities have already declared bankrupcy with analysts expecting much more, i doubt that madness will continue for much longer.

I give it a year or 2 at best.


RE: Heh
By NellyFromMA on 8/24/2012 11:27:06 AM , Rating: 2
I theorize the madness will actually increase. These motions are being passed because the constituents think its a good idea. When it turns out the ideas aren't feasible AND the likelihood of bailouts presumably decreases with more and more irresponsible decision making, that isn't going to make the consituents feel any less entitled... their just going to figure out how else to get it...

Once again, the problem boils down to the overall mentalities of the general population.


RE: Heh
By KCjoker on 8/24/2012 6:13:07 PM , Rating: 2
If Obama wins I wouldn't be surprised if we bail out some of these cities because they're "too big to fail".


RE: Heh
By Nutzo on 8/27/2012 11:25:12 AM , Rating: 2
It will get alot worse before before we see any changes.

They will just keep borrowing and stealing (like from road funds & schools) until there is nothing left. Maybe when the state defaults on it's debt, and the state workers see huge cuts in thier retirement checks, they will finally realize the damage the government unions have caused.


RE: Heh
By makken on 8/25/2012 1:28:28 AM , Rating: 2
This is at the local level, so I'm 99% sure the funding comes from a DMV surcharge the air district imposes in its jurisdiction. In that sense, they're not going deeper into debt; they've just made the determination that this program is the best use of those existing funds.

disclaimer: I've worked with another air district in CA in administrating a similar program.


"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki