California bill could triple rebates for electric car buyers

California could triple the rebate it gives to drivers who purchase zero-emission cars under a San Francisco lawmaker’s bill that seeks to put the state on track to meet its goals to combat climate change.

Democratic Assemblyman Phil Ting’s bill, AB1046, would let state regulators increase a typical consumer’s rebate for an electric car to up to $7,500 and provide a stable pot of funding for the payments.

Ting said his bill would promptly boost rebates and reduce them over time, as electric vehicles such as Teslas and Chevrolet Bolts presumably grow in popularity.

California’s existing rebate program gives buyers a flat $2,500 for full-battery electric vehicles. Ting said that gives buyers no incentive to go electric now versus years down the road. …

Click here to read the full article from the San Francisco Chronicle