New York Fuels Its Electric Vehicle Rebate Program | News

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ALBANY (TNS) — A rebate program to help fuel the sale of zero-emission electric vehicles has received another $12 million injection, according to Governor Kathy Hochul.

Consumers can get rebates of up to $2,000 on the purchase of electric vehicles.

“Zero-emission vehicles are one of the most effective ways to reduce greenhouse gas emissions and drive the electrification of our transportation sector,” Hochul said Friday when announcing the Drive Clean refueling program. Rebate.

Available in all 62 counties across the state, the rebate, administered by the New York State Energy Research and Development Authority, is offered through car dealerships. Rebates ranging from $500 to $2,000 are available on over 60 vehicle models.

Consumers receive higher rebates for the purchase or lease of longer-range all-electric vehicles with a base manufacturer’s suggested retail price of less than $42,000. Smaller discounts are offered for vehicles that cost more.

The rebate has been available since March 2017. To date, the program has issued over 54,000 rebates.

They can be used on more than 60 electric vehicle models ranging from high-end Teslas and BMWs to Chevrolets and Toyotas.

From 2010 to December 2021, more than 110,000 electric vehicles have been sold in New York.

Electrifying the state’s fleet of cars and trucks is a key part of plans to reduce carbon emissions in the coming years, as required by the Climate Leadership and Community Protection Act of 2019 .

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Hochul earlier signed a bill essentially banning the sale of new traditional internal combustion cars and light trucks from 2035.

Currently, electric vehicles represent only a fraction of vehicles on the road, but they are growing in popularity. According to Argonne National Laboratory, electric vehicles accounted for 4% of new passenger vehicles sold in 2021, up from 2% in 2020.

There are approximately 91,000 electric vehicles in New York State, out of approximately 4.2 million vehicles statewide.

Nationally, 45 states and the District of Columbia offer some form of incentive to purchase electric vehicles or zero-emission vehicles.

(c)2022 The Times Union (Albany, NY)


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