Here is the scoop, according to an article by the AP, published in the business section of the Mercury News today: Individuals with gross incomes below $35,640 a year, or a family of four with an income of $72,900 a year, who buys or leases an electric car will receive a rebate from California in the amount of $4,500. If they buy a plug-in hybrid they will receive a $3,500 rebate and $7,500 for fuel-cell vehicles.
The new rules will
not provide rebates to any individual making more than $150K for single tax filers, or $204,000 for head-of-household filers, or $300K for joint filers. The caps do not apply to hydrogen fuel-cell vehicles.
No mention was made regarding rebates for individuals or families falling within those incomes, so I assume that the current rebates will stay the same for them.
Also no mention was made for electric motorcycle rebates, so perhaps there will be no changes there, either?
An long article directly above this one, also written by the Associated Press, talks about the new Chevy Bolt, saying that it has a 238-mile range, can get to 60 mph within 6.5 seconds and will sell for a MSRP of $37,495, which drops it down to just under $30,000, once the Federal tax credit is applied. If you live in California, you can also apply the CA rebate to this purchase - once you figure out what your reported gross income is for the previous year.
