New York Now Offering $2,000 Rebate for Plug-In Vehicle Purchases

Posted by Lauren Tyler on April 06, 2016 No Comments
Categories : New & Noteworthy

New York Gov. Andrew Cuomo and state legislators have included a rebate program for plug-in hybrid and electric vehicles (EVs) in the 2016-2017 fiscal budget. The program will provide consumers with a $2,000-per-vehicle credit, moving the state closer to achieving the Cuomo administration’s efforts to reduce air pollution 80% by 2050 and put more than 800,000 zero-emission vehicles on the roads in New York State by 2025.

In addition to the $2,000 rebate, the Environmental Protection Fund will also support public EV infrastructure and provide up to $5,000 for each EV a local government buys. This is the first time New York has implemented consumer rebates for EV purchases.

The $7,500 federal tax rebate can also be applied to local government purchases for a combined $14,500 off the purchase of an eligible EV. New York State residents will be able to take up to $9,500 off the purchase price of a new EV.

The program now heads to the New York State Energy Research and Development Authority for implementation.

The New York Power Authority recently announced the addition of high-speed EV chargers along the state thruway in an effort to accelerate the transition to zero-emissions vehicles.

Register here to receive our Latest Headlines email newsletter

Leave a Comment