New York State governor Kathy Hochul (D-NY) announced this week that more than $12 million will be added to the state’s Drive Clean Rebate program, which helps consumers save up to $2,000 on the purchase of an electric vehicle.

UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

New York State’s EV rebate

The Drive Clean Rebate, which is open to all New York residents, offers electric car buyers a point-of-sale rebate of up to $2,000 for new electric car purchases or leases. Combine that with a federal tax credit of up to $7,500, and it’s a tidy incentive. New York State Energy Research and Development Authority explains:

Taking advantage of the Drive Clean Rebate is very easy: Simply purchase a qualifying electric car from a participating dealer, and a discount of up to $2,000 will be applied when you pay. Combine that with a federal tax credit of up to $7,500, and it’s an opportunity you wouldn’t want to miss.

The rebate that the car buyer gets on the new electric car depends on how much battery-only range the car has:

  • Greater than 200 miles: $2,000 off
  • 40 to 199 miles: $1,000 off
  • Less than 40 miles: $500 off
  • Electric cars with MSRP >$42,000: $500 off

New York provides a list of cars (and their base MSRPs) that qualify for rebates, and notes how much of a rebate each car gets. The cars that currently qualify for the full $2,000 are:

  • Volkswagen ID.4
  • Tesla Model 3 Standard Range Plus
  • Nissan Leaf 62 kWh
  • Kia Niro Electric
  • Hyundai Kona Electric
  • Chevrolet Bolt EUV
  • Chevrolet Bolt

Hochul also announced that $2.7 million is being awarded to local New York State governments to purchase electric vehicles and install zero-emission charging/fueling stations. It’s being funded by the State’s Environmental Protection Fund and administered by the Department of Environmental Conservation:

The 49 awards to 20 municipalities total nearly $2.5 million to help fund the installation of 200 additional Level 2 charging ports, six additional direct current fast charge (DCFC) pedestals, and two hydrogen fueling nozzles.

Additionally, 10 awards totaling $215,000 were provided to nine municipalities to support the purchase of 32 all-battery electric vehicles for municipal fleet use.

Electrek’s Take

New York doesn’t have the biggest rebate in the US – the Connecticut Hydrogen and Electric Automobile Purchase Rebate offers incentives of up to $9,500 for Connecticut residents, for example – but it’s still money that stays in the EV buyer’s pocket (writes the person who leased a Tesla Model 3 Standard Range Plus in Florida, which offers no EV rebates).

In February, researchers are expected to officially release new analysis that shows 2022 is the first year in which all-electric vehicles have become more affordable than the most popular gas-powered vehicles. The analysis includes the purchase price of each vehicle, not just driving costs.

For example, researchers found that the 2022 Ford F-150 Lightning is more affordable than a gas-powered F-150, and the 2022 Volkswagen ID.4 is more affordable than a 2022 gas-powered Honda CRV.

Now if we could actually get our hands on a Ford F-150 Lightning, that would be great.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Articles You May Like

US soldier admits vaping before crash that left UK nurse unable to walk, extradition documents reveal
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Smart meter giant Utilita eyes capital-raise to fund net zero ambition
Trump assassination attempt was ‘most significant failure’ in decades, Secret Service boss admits
Microsoft users hit with ‘blue screen of death’ after massive outage