Transportation: California reducing state-level rebates for EVs and hybrids
An obvious oddity of government subsidies for solar PV on homes and electric vehicles is that nearly all of the value goes to higher income residents, and is ultimately funded by taxes on everyone. Meaning its a transfer of wealth for general taxpayers, including those with limited income, to higher income taxpayers.
Starting in December, those looking to buy electric vehicles with a price tag of more than $60,000 won’t qualify for rebates — nor will plug-in hybrids with less than 35 miles of all-electric range.
State rebates no longer available on EVs costing more than $60,000 (with a note that many new EVs coming in the next few years are targeted at a higher price than this). Obvious theory is that only wealthy/high income buy these vehicles.
Lower and moderate income buyers (where income level is not specified) will get a larger rebate.
Hybrid vehicles that combine gas and electric capabilities will not qualify for rebates unless, in EV mode, they have a range of more than 35 miles.
The Federal rebate, which is as high as $7,000 per vehicles, decreases as more of each model is built. As of January 2020, the rebate for buying a Tesla is zero $, and as of March, the rebate for buying a Chevy Bolt is zero $.