The Bay Area Grants Program is offering $ 9,500 to trade in your gasoline car for an EV

0
  • The Bay Area Air Quality Management District’s Clean Cars for All program is for customers of targeted postal codes that meet income requirements. The program offers $ 5,500 to $ 9,500 to spend on a new or used rechargeable electric or hydrogen vehicle for those who power up a 2005 or earlier car.
  • The program was launched in 2019 and was popular, but it ran out of money. It was funded with an additional $ 8.3 million recently, so the incentive floodgates are open again.
  • Clean Cars for All is funded by California’s cap-and-trade program, taking money from polluting industries and, in this case, giving it to low-income residents.

    We could have a new champion for the best place to live if you want to maximize the amount of government incentives you can get when you buy an electric vehicle. While everyone in the United States could qualify for the federal tax credit worth up to $ 7,500 for a new electric vehicle, states and cities offer various benefits in addition to the federal credit and the Bay Area Air Quality Management District’s renewed incentive program. (BAAQMD) in California could reduce the price some residents pay for a new or used electric vehicle by $ 9,500.

    An expansion of the Clean Cars for All incentive program was announced this week, with new state funding of $ 8.3 million. Clean Cars for All originally launched in 2019, but ran out of money until the state allowed new spending in this year’s budget. The money won’t be limited to helping car buyers, either. Instead, the BAAQMD has developed a wide range of benefits that locals can get if they voluntarily take their dirty old vehicle off the road. These benefits include grants to purchase a new or used hybrid or plug-in car, similar to the old Cash for Clunkers deal that was developed under President Bush and signed by President Obama, but people who take advantage of Clean Cars for All can also opt to get a grant to buy a new electric bike or simply a prepaid card worth several thousand dollars to use local transportation. The BAAQMD is also not joking about removing old vehicles from the road. The last step in the grant process is to take the old car to an approved wrecker, once you have obtained your new, greener vehicle.

    “Not only is transportation the biggest source of air pollution in the Bay Area, it accounts for 40% of our greenhouse gas emissions,” said Cindy Chavez, Santa Clara County Supervisor and president of the district air council. Mercury News. “If we are to be able to solve this problem, we have to include low income communities. “

    Here’s how getting the vehicle purchase subsidy works. First of all, you have to live in the Bay Area, which in this case means one of the 76 zip codes on the program list. Second, you must ditch your personal car from model year 2005 or earlier that has been registered in the Bay Area for at least two years. Third, you can have a maximum family income of $ 51,520 for one-person households, or $ 69,680 for two people. For a family of four, household income is capped at $ 106,000. Finally, you cannot have obtained a previous reimbursement from the program. In addition, all vehicles currently registered with a non-commercial company or business or which are operated by a public body or authorized to use a vehicle fleet are not eligible for the program.

    Justin sullivanGetty Images

    If you qualify for the maximum grant amount and purchase or lease a new or used plug-in or hydrogen vehicle, you can get up to $ 9,500. But the income level cutoffs listed above are the upper levels to qualify for a lower level grant, valued at $ 5,500. Low-income households may qualify for the middle level of $ 7,500 or the higher level of $ 9,500. Buyers of plug-in vehicles are also eligible for rebates valued at $ 2,000 to install a home charger, $ 600 to purchase a Level 2 portable charger, or a $ 500 public charge card. The BAAQMD said the Clean Cars for All vehicle costs an average of $ 28,000 and the average incentive distributed by the group is $ 8,500. Clean Cars for All gets its money from California’s cap and trade program, which requires industries that emit greenhouse gases to buy permits to do so, and that money is then spent on programs that reduce the impacts. environmental impact of these GHGs.

    Clean Cars for All can be used with another local program, the Car Buy-Back Program, which gives local residents $ 1,200 if they scrap their 1997 or older vehicle, or the Federal Car Incentive. new electric vehicles, as applicable.

    This content is imported from {embed-name}. You may be able to find the same content in another format, or you may be able to find more information, on their website.

    This content is created and maintained by a third party, and uploaded to this page to help users provide their email addresses. You may be able to find more information about this and other similar content on piano.io

    Share.

    About Author

    Avatar

    Comments are closed.