Massachusetts began its electric vehicle (EV) rebate program today. Starting June 18th, 2014, the state will rebate buyers and also those that lease an EV up to $2,500. The program includes rebates for full electric vehicles like the affordable Nissan Leaf, and even those costing over $100,000 like the Tesla Model S P85+. Plug-in vehicles like the Toyota Prius Plug-In also are eligible, but the rebate is only $1,500. The Prius Plug-In is the second leading electrified vehicle in the US according to sales. There are also two motorcycles on the list.
As most EV shoppers know, the federal government offers a federal tax credit of up to $7,500 on the purchase on an EV. In total, those who buy an EV in Mass. can receive up to $10,000 in taxpayer-funded rebates and incentives. That can total a third of the price of some lower priced models. Interestingly, the Mass. website set up to discuss the state rebate will not say if the money is taxable.
The state has allocated about $1.9 million to the rebate program and as of this writing only one person has applied for a rebate.
To apply and learn more about the program please visit the Massachusetts Offer Rebates For Electric Vehicles (MOR-EV) website. The website also offers a plethora of useful EV-related information.