The instant rebate can save buyers $5,000 on a new vehicle purchase and $2,500 used. But if you're interested in leasing, the rebate nearly doubles.
In the United States, the 2010 federal EV tax credit served as a template for many of the state rebates and tax credits enacted across the country including in Texas and California. But in the years since, we have seen a growing number of unique rebate strategies. The biggest change is that the process has become more friendly to consumers as federal and state governments favor point-of-sale rebates.
Lower and middle-income residents were just as interested in electrifying their personal fleet. But up until recently, the cost for many was simply too high. Prices have indeed come down significantly over the past two years. But this new rebate hopes to hasten the transition to cleaner transportation for those in lower income brackets.
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