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http://www.latimes.com/business/la-fi-hy-electric-vehicle-subsidies-20170828-htmlstory.html
The bill will also allow more rebates if the Federal subsidies end under the Trump administration or if a manufacturer hit the federal limit.
The bill would also make it faster and easier to get a rebate. Now people purchase a car, apply for a rebate, and wait for a check from the state treasury. The new approach would subtract the rebate amount off the sale price, and the state would send the money to the dealer.
In effect, the plan would operate like regular cash-off dealer incentive programs, except that the state, not the manufacturer, would pick up the tab.
Rebate amounts would be based on the difference in price between an electric compact car and a comparably sized gasoline-powered car, so that if people really want an electric, price is no longer the issue, Ting said.
The legislation leaves it up to the Air Resources Board to figure out which cars are comparable, devise a formula and set rebate amounts.
For arguments sake, what we have assumed is the price of a long-range, compact EV in this case were using the Chevy Bolt EV as the benchmark and compare that to an equivalent internal combustion engine car, Chadima said.
The base price of a Bolt EV is $36,620 while the price of a base Civic is $18,740. Take off $7,500 for the federal governments EV subsidy and, by Chadimas estimation, the state would contribute $10,380 to the purchase.
The bill will also allow more rebates if the Federal subsidies end under the Trump administration or if a manufacturer hit the federal limit.