The incentives to trade in an older gas burner for an EV, hybrid, or e-bike are now among the most generous in the nation, provided one qualifies.
... [+]California is already the U.S. state that boasts the highest percentage of electric vehicle adoption, with the greater San Francisco region being among the most EV friendly areas in the nation. San Francisco boasts a reported 52 charging stations per 100,000 residents, while the home of everything high-tech, San Jose, has installed 49 stations for every 100K living there.
That part of the country is about to become more attractive to first-time buyers of electrified rides as the Bay Area Quality Management District is firing up itsincentive program with $8.3 million in fresh state funds after running out of money earlier this year. The bottom line here is that the refunded program could cut the price qualifying EV intenders would pay for an emissions-free ride by as much as $9,500.
That includes cash back in varying amounts for not only full electric vehicles, but for buying fuel cell electric cars, plug-in hybrids, conventional hybrids, e-bikes, and even Bay Area public transit cards. Additionally, the program will sweeten the deal with as much as $2,000 in funding toward the purchase of a home charging unit and installation for EV and plug-in hybrid buyers.
There is, of course, a catch; actually, there are several. For starters, one needs to live in one of the 76 specified Bay Area zip codes to qualify, and the eligible amount is based upon household size and income. For example, the “base grant” of $5,500 for an EV purchase is limited to singles earning $51,520 or less, $106,000 for a family of four, and $178,640 for a brood of eight.
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