Governor Signs Bill Making Electric Cars More Affordable In Virginia
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Governor Northam signed bill HB 1979 last week creating an electric vehicle rebate program for both new and used electric vehicles.
The program provides a $2,500 rebate after the purchase or lease of a new or used vehicle, while those below 3x the federal poverty level would get an additional $2,000 rebate for a new vehicle, or $500 for a used vehicle.
The move is intended to boost clean car sales and thereby reduce the levels of pollutants that the state’s passenger cars release into the environment. In 2018, 1.7 percent of vehicle sales in Virginia were electric vehicles. By comparison New York was at 1.6 percent, and California at 7.8 percent.
The program expires in January 2027 when it will likely be renewed.
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