• Nov 7, 2011
The Ford Transit Connect Electric comes with a window sticker that carries a somewhat daunting price of $57,400. However, with a generous rebate from the California Air Resources Board, purchasers of the electric van can carve a hefty $15,000 off that price. That's on top of the $7,500 federal rebate, so California business owners have a chance to haul their goods in electric silence for under $35k.

The $15,000 rebate is only good on the first van an organization purchases. Subsequent Transit Connect Electrics added to a company fleet come with a rebate of $12,000. At least that's true for the next two months. In 2012, rebates are expected to drop to $12,000 for the first three vehicles, then follow a declining scale of payback until disappearing at vehicle 100.

$35,000 may still seem like a hefty price tag for a Ford Transit Connect van, but the van is well sized for a lot of business. With an 80-mile range, the EV version of the van will never drink a gallon of gas while out delivering cakes, transporting geeks to a downed PC, or getting the latest gadget from Amazon to customer. It's like the king of white vans... only green.
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Azure Dynamics' California Customers Receive New Incentive Program for Deploying Transit Connect Electric

Oak Park, Michigan – October 27, 2011 – Azure Dynamics Corporation (TSX: AZD)(OTC:
AZDDF) ("Azure" or the "Company"), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, today confirmed the California Air Resources Board's (CARB) aggressive incentive support for the Ford Transit Connect Electric van, effective November 1, 2011. The incentive is designed to encourage further adoption of Azure's fuel-efficient, environmentally-friendly powertrain technology employed in the Ford Transit Connect Electric. Coupled with other United States federal incentives, the payback period for the Transit Connect Electric in California is now estimated at less than two years.

The new program, which is expected to be in effect until February 2012, offers up to $15,000 for the first Transit Connect Electric purchased by a commercial fleet or municipal fleet for deployment in the State of California. Subsequent purchases of Transit Connect Electric vans will qualify for an incentive of up to $12,000, with a maximum of 100 vans per customer. Beginning in February 2012, the program will offer up to $12,000 for the first three Transit Connect Electric vans and up to $10,000 for subsequent purchases up to 100 vans per customer. Complete program details are available at www.californiahvip.org.

"On average, a Transit Connect Electric will spend about ten years in service for a commercial vehicle fleet," said Scott Harrison, Azure Dynamics CEO. "The new incentive, in combination with the operational and maintenance savings resulting from the EV powertrain, may significantly reduce the incremental Transit Connect Electric acquisition cost and provides customers with an attractive less than two-year payback."

"National and regional governments around the globe understand the value of increased deployment of electrified technology and the profound economic, environmental and energy advantages that the technology offers," said Harrison. "Incentives are a first but crucial step in building this new transportation paradigm."

The Transit Connect Electric is the result of a collaboration between Ford Motor Company and Azure Dynamics. The Transit Connect Electric utilizes an advanced lithium-ion battery from Johnson Controls to achieve a range of 50 to 80 miles depending on auxiliary power usage and drive cycle and is rechargeable using either a 240-volt or standard 120-volt outlet. California fleets interested in adding the Ford Transit Connect Electric should visit www.azuredynamics.com to find a conveniently located participating Ford Commercial Truck dealership.

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with a variety of partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information please visit www.azuredynamics.com.


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    • 1 Second Ago
  • 10 Comments
      Marco Polo
      • 3 Years Ago
      OTOH, I agree with Dave Mart, the Connect is not a cutting edge EV, and expensive due to it's method of construction. However, if the California based rebates help promote the concept of EV light commercials being viable and efficient workhorses, that can only be a good thing! By the time more rival EV light commercials appear on the market, interest may have been stimulated and businesses will more readily adopt EV's into fleets. I expect to see in years to come, used Ford connects as Hippy vans!
      • 3 Years Ago
      Wow, this seems identical to ABG's post back on October 19. http://green.autoblog.com/2011/10/19/ford-transit-connect-electric-to-qualify-for-15-000-rebate-in-c/
      Spec
      • 3 Years Ago
      California rebate systems are too often created very poorly. They are just give aways to the first X people that sign up and then they run out of money. :-(
        throwback
        • 3 Years Ago
        @Spec
        Cali is in a world of their own when it comes to subsidies.
        Michael
        • 3 Years Ago
        @Spec
        Uh, that's actually how subsidies SHOULD work. Subsidize the first movers so that economies of scale can be met, then the manufacturer should be able to lower the price, as their COGS goes down. The fact that many State and Federal subsidies never end is a FAILURE of the politicians that write them into law and the voters that continually re-elect said failing politicians.
          Spec
          • 3 Years Ago
          @Michael
          Just providing a windfall to a few early buyers doesn't do it though. Its not like Ford would have cancelled this if the California give-away didn't exist. I'd rather side a bigger program with more recipients and a smaller pay-out. If you make the pay-out too big, you are just subsidizing non-economically viable stuff.
          Michael
          • 3 Years Ago
          @Michael
          Let me amend that statement to say, that's how most subsidies should work, some things need to be subsidized to to ensure they are produced.
      Ducman69
      • 3 Years Ago
      So what they are saying is that I, the tax payer, have to pay my share of $22,500 for some other guy's car, who is likely already pretty rich to afford that price bracket to begin with. Thanks Obama! This is not even remotely economically feasible, and there are plenty of inexpensive 40mpg gas engines, 42mpg diesels, and 50+mpg hybrids that are very environmentally friendly.
      DaveMart
      • 3 Years Ago
      It would be interesting to see Ford's rationale for charging $17,000 more for this than the Ford EV - other than there being $15,000 in Californian subsidies available and no other electric vans on the market, of course.
      harlanx6
      • 3 Years Ago
      The government needs to stay out of it and quit giving away the taxpayer's money. Only the market can determine if these things make economic sense.