21 Jun '11, 5pm

California electric vehicle rebate program runs out of cash

Actually, the program is nearly guaranteed to be funded again - and with about double the funds through the ARB. The rebate about will be cut in half from $5,000 to $2,500. California has a lot of areas with very poor air quality even with the stringent emissions standards - Encouraging EV adoption will go towards improving air quality which will in turn reduce health care costs. You'd be amazed how much money is spent or lost due to air quality related health issues. The solar incentive program has done it's job - CA has nearly 1 GW of PV installed and leads the country - and the remaining funds will go towards installing a lot more PV. The current rebate amount is currently $1.10/watt in SCE territory and $0.35/watt in PGE/CCSE territory. That amounts to appx a 5-15% rebate off the retail amount. The cost of PV has come down nicely along with the size of the rebate avoid...

Full article: http://green.autoblog.com/2011/06/21/california-electric-...

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