In John Steinbeck's "The Grapes of Wrath," Tom Joad and his family were drawn to California's Central Valley on hopes for a better future. Now, prospective electric vehicle drivers may be drawn there for a better present – in the form of cash.

San Joaquin Valley Air Pollution Control District is ponying up rebates worth $3,000 to buyers of electric vehicles in an effort to help stem the Valley's pollution problem, the CBS affiliate in Fresno, CA, reported. The rebate is available on top of a $2,500 credit from the state of California in addition to the $7,500 federal tax credit. Add it up and an EV buyer can cut his or her out-of-pocket costs for a new car by $13,000. That brings the cost of an EV like the Mitsubishi i-MiEV to less than $17,000, making it cheaper than a Toyota Corolla, the television station reported. The rebate also brings the payback period – in the form of lower refueling costs – for a car like the Nissan Leaf to about four years.

Earlier this month, the California Center for Sustainable Energy said in a report that the state is home to more than a third of all domestic plug-in vehicles, and with these sorts of rebates, that percentage is likely to grow.

From Our Partners

You May Like
Links by Zergnet

Questions

There are no questions about this topic.
Be the first to ask!
Share This Photo X