California Extends Program Funding EV Rebates
The electric vehicle market is booming. In fact, the market has just seen that electric vehicle giant Tesla is having issues keeping up with demand of their new Model 3 which seeks to offer the average consumer a more affordable electric vehicle with a further range on a single charge than was ever possible before. To maintain this rapid growth in electric vehicle sales, some states, such as California, are sweetening the pot. California in the past has offered rebates for purchasing electric vehicles due to the low emissions and ability to grow investment in infrastructure such as charging stations for these electric vehicles. California has stated many reasons for the electric vehicle push which include:
- Lower Cost of Commuting
- More Infrastructure Investment
In initial bills, rebates for residents of the state who purchased qualifying zero-emission vehicles was up to $7,000. This rebate was often high enough to justify even low income Californians to purchase an electric vehicle and help the state of California reach their emissions goals of limiting the amount of greenhouse gases that the state emits. A study conducted showed that more than forty percent of the emissions in the state of California could be attributed to the transportation sector which makes it an obvious target for programs such as these to reduce emissions and lower the state’s carbon footprint. California is the most populated state in the United States and so they feel that they can set a good example for the rest of the nation and show them that these types of programs are viable and yield positive results over time. By extending the program that funds these many electric vehicle rebates, the state of California has reaffirmed their goal of putting over 1.5 million zero emission cars on the road by the year 2025. With states like California leading the charge with their sustainability efforts, we can be sure that electric vehicles are not simply a fad and are here to stay.