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California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday.
Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
The 2009 ARRA provided a tax credit for plug-in electric drive conversion kits. The credit is equal to 10% of the cost of converting a vehicle to a qualified plug-in electric vehicle and in service after February 17, 2009. The maximum amount of the credit is $4,000. The credit does not apply to conversions made after December 31, 2011. [274] [293]
California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump's incoming administration does away with a federal tax credit for electric vehicles.
Beginning on July 1, 2016, a sales tax exemption applies to the first US$32,000 of the selling price of a qualifying new plug-in electric car, which translates into a tax savings between US$2,600 and US$3,100 for plug-in car buyers depending on where the dealer is located within the state, as the sales tax varies by county.
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The combined take-rate of plug-in cars in California stayed at 7.6% in 2019, while the market share of conventional hybrids rose to 5.6% from 4.3% in 2018. While the share of all electric cars rose to 5.6%, the rate of plug-in hybrids fell to 2.5% from 3.0% in 2018. [7]
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