Thinking about buying a new car? You may have one more reason to go with an electric vehicle. Did you know you can save up to $1,500 on your EV purchase when you buy an eligible electric vehicle in 2021? And you may be able to combine that with existing incentives announced in the past several years.
The California Clean Fuel Reward (CCFR) is now available to anyone who buys or leases a new electric vehicle with a battery capacity greater than 5 kWh. While there are no income or location restrictions within California, you have to register your electric car in California and you must live here.
The goal of the California Clean Fuel Reward is to put more electric vehicles on the streets for a carbon-neutral future. Carbon neutrality means having a balance between emitting carbon and absorbing carbon from the atmosphere. It is essential to reduce carbon emissions in order to reach a state of climate neutrality.
It’s easy to obtain the reward. When you buy or lease an EV at an enrolled retailer in California, the retailer will simply include the reward in the transaction at the point of sale. The customer does not need to provide any paperwork or fill out any forms.
At indiGO Auto Group we carry the best of the new generation of electric vehicles including:
- Porsche Taycan
- Porsche Taycan Cross Turismo
- BMW i3
- Audi e-tron Premium Quattro
- V-W ID.4
- Jaguar I-Pace
Pacific Gas and Electric Company and other electric utilities have teamed up with the California Air Resources Board to offer the reward, which is even offered on a sliding scale depending on your car battery size.
Discounts of up to $1,500 are offered on cars with larger batteries that carry a bigger charging capacity. And, the incentive is also available on leased electric vehicles. Only vehicles purchased or leased from approved participating retailers are eligible. Learn more about fueling options around the state here.
If you purchased your vehicle before your retailer was approved in the program or if you did not purchase at a participating retailer, you can visit your electric utility’s website or search Additional Incentives because you may still be eligible for rewards.
You can view additional California Clean Fuel Reward program rules here.
“The goal of the program is to accelerate the number of electric vehicles on California’s roads and highways,” said CARB Vice-Chair Sandy Berg. “The instant point-of-sale price reduction of up to $1,500 will help make these ultra-clean cars more affordable, especially for low-income families or those living in disadvantaged communities.”
So far, more than 20 cars from 15 manufacturers are eligible for the reward including 2021 models eligible to receive the full $1,500.
Moreover, the CCFR can be combined with existing post-sale federal, state and local incentives. Those include the Clean Vehicle Rebate Project, Clean Cars 4 All, and the Clean Vehicle Assistance Program. Together that can potentially save you $10,000 on your EV purchase. It’s a good time to buy electric!
PG&E’s EV Savings Calculator helps customers who are considering purchasing or leasing an EV to compare cars and evaluate total cost of ownership of an EV compared to gas-powered cars. The tool provides customers with a personalized recommendation that includes estimated costs, savings, and rebates or incentives of up to approximately $10,000.
Additionally, the EV Savings Calculator allows customers to explore EV rate options available to them for residential charging and find public charging stations in their area. Since launching two years ago, the tool has helped more than 350,000 users calculate their savings.
See our latest electric car inventory.
