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California Electric Vehicle Financial Benefits

2019 Hyundai Ioniq Plugin Hybrid Driving
 

Keep reading to learn more about what current California EV owners already know: there’s a healthy number of financial returns, aside from savings at the pump, when it comes to owning an electric vehicle. Remember to reach out to our team of Hyundai product professionals if you have any questions, we’re here to help!

 

The California Clean Fuel Reward

One such incentive is the immediate savings provided by the California Clean Fuel Reward. This reward, totaling upwards of $750 of immediate savings, is provided to customers of participating dealerships who buy a vehicle with a battery rated at or above 5 kWh.

More information about this incentive program can be found at cleanfuelreward.com.

C.A.R.B. & C.E.U Partnership

The California Air Resources Board (AKA CARB) and the team at California Electric Utilities (AKA CEU) have partnered with each other to bring forward a point-of-sale price reduction of up to $1,500 dollars for consumers who buy an Electric Vehicle. More information about this awesome program can be found here.

Federal Tax Rebate

Not only are there incentives that apply to people in the California and Sacramento area specifically, there’s also the possibility of getting a Federal Tax Rebate as well! The great thing about this one is that it’s a significant amount of money, which is, on the low end, more than the previous two combined. More information is available on the IRS website, irs.gov.

Important Reminder for Both!

Both of these credits are only available through participating dealerships, so it is well worth calling anywhere you plan on test driving or shopping and verifying that both of these savings opportunities can apply to your new Rancho Cordova EV purchase!

Find an EV or Hybrid Vehicle at Folsom Lake Hyundai Today!

Whether you’re looking for EV tax credits or you’re ready to dive straight into a smooth driving, quick accelerating world of a new EV with no concern for financial returns, we’ve got you covered at Folsom Lake Hyundai. It all starts with browsing our selection of EV and hybrid vehicles online, then applying for financing ahead of time.

 

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