You might have noticed an increased number of electric vehicles on the road and wondered whether it’s a good time to buy or lease one yourself. In addition to the environmental benefits of an electric vehicle and the fuel savings at the pump, there are also numerous federal and state incentive programs to help with the cost of buying or leasing the vehicle itself.
- Qualified Plug-In Electric Drive Motor Vehicle Credit: For qualified vehicles purchased in or after 2010, individuals and businesses alike may be eligible for a tax credit of up to $7500. Check out the website for qualified vehicles and to find the appropriate IRS forms.
- California Clean Air Decals: These decals give California residents exemption from HOV/HOT lane restrictions.
- Valid decals come in three colors: red (exp. 1/1/22), purple (exp. 1/1/23), and orange (exp. 1/1/24).
- Decals are issued to vehicles that meet California’s super ultra-low emission vehicle (SULEV), inherently low-emission vehicle (ILEV) and transitional zero emission vehicle (TZEV) evaporative emission standard for exhaust emissions.
- Compressed natural gas (CNG) and Liquefied petroleum gas (LPG) fueled vehicles may also qualify for the CAV decal program.
- For additional information on vehicle eligibility, visit the California Air Resources Board’s website.
- California Clean Fuel Reward (CCFR): A point-of-sale price reduction of up to $1,500 for the purchase or lease of any eligible new Battery Electric or Plug-in Hybrid vehicle from a participating automotive retailer. The CCFR can also be combined with existing post-sale federal, state and local incentives, such as the Clean Vehicle Rebate Project, Clean Cars 4 All, and the Clean Vehicle Assistance Program.
- Clean Vehicle Rebate Project (CVRP): For individuals or business owners purchasing or leasing electric vehicles in the state of California, the CVRP is a certified rebate program which offers rebates up to $2000 for the purchase or lease of a new, eligible zero-emission or plug-in electric vehicle. See the list of CVRP-eligible vehicles.
- California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP): This program is designed to offset the costs of eligible hybrid and battery-electric medium and heavy duty vehicles through purchase vouchers at qualified dealerships. Generally intended for fleet vehicles.
- PG&E Clean Fuel Rebate: PG&E customers with EVs are eligible to receive a $800 Clean Fuel Rebate for their use of electricity as a clean transportation fuel. To qualify, an individual must be a PG&E customer with an active residential electric account, own or lease an eligible plug-in electric vehicle, and the vehicle must not have already received the Clean Fuel Rebate.
- MCEv Charging for Your Workplace or Multifamily Property: This program offers rebates of $3,000 per port for charging hardware and installation costs for worksites and multifamily properties located in MCE’s Service Area.
And, if you are worried about running out of charge while driving a plug-in electric vehicle in Contra Costa County, there are plenty of electric vehicle charging stations available for public use.