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.
I understand this program is to be non_retroactive.
Therefore, I’m chomping at the bit to find the official impelementation date. As I read the statute, it must be fully implemented by March, 31st, 2017. Comments please.