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How much is the California electric car rebate?
I’ve been thinking about finally investing in my first electric car, but the initial high pricetag is dissauding me a little. How much is the rebate for an electric car in California?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
First of all, congrats on shopping around for your first electric car!
California
is one of the best states to buy an electric car because the Clean Vehicle Rebate Project provides an additional $7,000 rebate for California residents who purchase a new electric, plug-in hybrid or zero-emission vehicle.All electric and hybrid cars are also eligible for a federal
tax credit
of up to $7,500. You can claim a tax credit once for each qualifying vehicle.Electric cars tends to be pricier than gas-powered cars, but incentives like the Clean Vehicle Rebate Project help close the gap for eco-conscious consumers. While you’re at it, you can get a great deal on
car insurance
for your new electric car with the Jerry
app.Jerry is the easiest and most effective way to find a car insurance policy that is customized for you. After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to.
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- Gregory R.
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