Californians Have a New Incentive for Going Electric on Their Next Vehicle: Up to $1,500 Off the Price
February 09 2021 - 1:00PM
Business Wire
PG&E, Air Resources Board, Other Utilities
Team Up to Offer the California Clean Fuel Reward—a
Point-of-Purchase Price Reduction for Eligible Vehicles
Planning to shop for a new vehicle during the Presidents’ Day
weekend? California has a new incentive for going electric. Pacific
Gas and Electric Company (PG&E) and other electric utilities
have teamed up with the California Air Resources Board (CARB) to
offer the California Clean Fuel Reward, a point-of-sale price
reduction of up to $1,500 off the purchase or lease of any
eligible, new electric vehicle (EV). Consumers can receive this
instant price reduction at any participating automotive
retailer.
“The goal of the program is to accelerate the number of electric
vehicles on California’s roads and highways,” said CARB Vice-Chair
Sandy Berg. “The instant point-of-sale price reduction of up to
$1,500 will help make these ultra-clean cars more affordable,
especially for low-income families or those living in disadvantaged
communities.”
The California Clean Fuel Reward is available to everyone in
California and taking advantage of the reward is easy. When buying
or leasing an EV at an enrolled retailer in California, the
retailer will simply include the reward in the transaction at the
point of sale. The customer does not need to do any paperwork after
the sale to receive the reward.
Lists of enrolled retailers and eligible battery electric or
plug-in hybrid vehicles are on cleanfuelreward.com, which will be
continually updated as new retailers and EV models are added.
More than 20 cars from 15 manufacturers are eligible for the
reward including 2021 models eligible to receive the full $1,500.
PG&E recommends customers explore the entire list of available
vehicles and rewards.
The California Clean Fuel Reward can be combined with existing
post-sale federal, state and local incentives, such as the Clean
Vehicle Rebate Project, Clean Cars 4 All, and the Clean Vehicle
Assistance Program, to potentially help customers save over $10,000
on their EV purchase.
PG&E EV Resources
PG&E’s EV Savings Calculator helps customers who are
considering purchasing or leasing an EV to compare cars and
evaluate total cost of ownership of an EV compared to gas-powered
cars. The tool provides customers with a personalized
recommendation that includes estimated costs, savings, and rebates
or incentives of up to approximately $10,000.
Additionally, the EV Savings Calculator allows customers to
explore EV rate options available to them for residential charging
and find public charging stations in their area. Since launching
two years ago, the tool has helped more than 350,000 users
calculate their savings.
To learn more about PG&E’s support and resources for
customers with EVs, visit pge.com/ev.
More Information on the California Clean Fuel Reward
The California Clean Fuel Reward is funded by electric utilities
participating in CARB’s Low Carbon Fuel Standard (LCFS) Program.
From its beginning in 2011, the LCFS has helped cleaner fuels
displace more than 16 billion gallons of liquid petroleum fuels.
The program allows producers of clean fuels, such as electric
utilities, to generate credits they can sell to producers with more
carbon-intense products. Sales of those credits fund programs such
as the California Clean Fuel Reward program.
Southern California Edison is administering the program on
behalf of, and in collaboration with, all participating
utilities.
For more information, customers can visit cleanfuelreward.com,
email info@cleanfuelreward.com or call 1-800-880-0320.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric energy companies in the United States. Based in San
Francisco, with more than 23,000 employees, the company delivers
some of the nation's cleanest energy to 16 million people in
Northern and Central California. For more information, visit
pge.com and pge.com/news.
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