Mar 20, 2016 5:17 PM
California's rebate program for electric vehicles will soon cut off higher income buyers.
According to the Associated Press, starting on Tuesday, March 29th the program is implementing an income cap. Single tax filers who earn $250,000 will not qualify for rebates on plug-in hybrid electric vehicles and battery electric vehicles.
The income cap rises to $340,000 for head-of-household filers and $500,000 for joint filers.
Meanwhile, low and moderate income residents will be eligible for an additional $1500 in rebates.
The chair of the California Air Resources Board, Mary Nichols, says that increase is designed to ensure that more drivers in communities most impacted by air pollution can benefit from clean vehicles.
2 days ago