If you're a resident of California thinking of purchasing an electric vehicle, then you'd better not be banking on receiving a rebate check from the state. That's because the California Air Resources Board (CARB) has sort of announced that its rebates for zero-emissions vehicles no longer exist.
Back in March of 2010, CARB launched the Clean Vehicle Rebate Project (CVRP). With $11.1 million dollars in initial funding, we all knew that the CVRP would eventually run out of cash. That's precisely why CARB stated that CVRP funds are limited and would be given out first-come, first-served.
It now looks like CVRP funds are depleted. As of today, the status of the CVRP is as follows:
- CVRP currently pending: $186,500
- CVRP waiting list: $97,300
- CVRP currently reserved: $3,296,200
- CVRP rebates issued: $6,992,250
- CVRP remaining funds: $ 0.00