New York boosts EV subsidy funding pot
New York Governor Kathy Hochul has announced an addition of more than $12 million to the Drive Clean Rebate program, which provides up to $2,000 on the purchase of an electric vehicle and funding of $2.7 million to local governments to purchase EVs and install charging stations for public use.
Together, the consumer rebate program and the grants awarded to 49 community-based projects total $14.7 million to advance the state’s efforts to achieve their Climate Leadership and Community Protection Act to reduce greenhouse gas emissions by 85 per cent by 2050.
The Drive Clean Rebate program offers a point-of-sale rebate that reduces upfront costs on the purchase of a BEV. It is available across all 62 counties of the state and is administered by the New York State Energy Research and Development Authority. The subsidy itself, however, is offered by car dealers, who then provide rebates ranging from $500 – $2,000 for over 60 BEV models of vehicles. Rebates are given based on longer range, fully-electric vehicles with a base MRSP of less than $42,000.
“Zero-emission vehicles are one of the most effective ways to reduce greenhouse gas emissions and boost the electrification of our transportation sector,” said Governor Hochul. “Every milestone we reach in transitioning to clean electric vehicles is another step closer to improving air quality in communities, and New York is proud to continue paving the way towards a cleaner, greener future.”
Last year, nearly $2.5 million was provided over 49 awards to 20 municipalities to help fund the installation of 200 additional Level 2 charging ports, six additional DC fast chargers, and two hydrogen fueling nozzles. Additionally, 10 awards totalling $215,000 were provided to nine municipalities for the purchase of 32 BEVs for municipal fleet use.
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