Ford Transit Connect Electric to qualify for $15,000 rebate in California

Autoblog Staff — Thu, 20 Oct 2011 09:28:00 EST

Filed under: Car Buying, Minivan/Van, Government/Legal, Ford, Electric

The California Air Resources Board (CARB) is set to add an additional category to its Hybrid Incentive Voucher Program (HVIP) that awards buyers of zero-emissions light-duty commercial vehicles, including the Ford Transit Connect Electric, a discount of up to $15,000 on their green vehicle purchase.

Starting in November, light-duty zero-emissions commercial vehicles with a GVWR between 5,001 and 8,500 pounds will be eligible for vouchers of up to $15,000 in California. This discount will reportedly be available to all fleets, public or private, that register the zero-emissions vehicles in the state of California. This $15,000 discount, coupled with the federal government's $7,500 tax credit, means that some buyers of the Transit Connect Electric will get a whopping $22,500 off the vehicle's $57,400 price tag.

Vouchers for the light-duty zero-emissions category are valued at $15,000 for a fleet's first vehicle ordered, with $12,000 off all purchases thereafter for the remainder of Fiscal Year 2011. Proposed vouchers for Fiscal Year 2012 dip to $12,000 for the first three vehicles, $10,000 for the next 27 purchased, $8,000 for vehicles 31-65 and $6,000 for vehicles 66-100.

Ford Transit Connect Electric to qualify for $15,000 rebate in California originally appeared on Autoblog on Thu, 20 Oct 2011 09:28:00 EST. Please see our terms for use of feeds.

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EU announces investigation into planned GM aid

Chris Paukert — Thu, 27 Apr 2006 07:04:00 EST

Filed under: Europe, Government/Legal, GM, Earnings/Financials

The European Commission announced yesterday that it is investigating a $6.6 million dollar subsidy grant planned for General Motors of Europe. The aid package was to be supplied by the Belgian regional government in Flanders and go towards training employees at the EuroGeneral's plant in Antwerp.

EU authorities are openly skeptical that the funds would actually go towards funding training, fearing that the hefty subsidy would be used for other non-approved ends. Under state trade rules, national and/or regional governments are banned from giving aid to a non state-owned entity if such arrangements upset EU competition rules.

[Sources: Associated Press via Forbes; paed.uni-muenchen.de]

EU announces investigation into planned GM aid originally appeared on Autoblog on Thu, 27 Apr 2006 07:04:00 EST. Please see our terms for use of feeds.

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