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arbcombo -- Waiting List Approved for the Clean Vehicle Rebate Project Posted: 28 Mar 2014 14:12:34
The purpose of this list serve is to notify Clean Vehicle Rebate Project stakeholders and potential rebate applicants that fiscal year (FY) 2013-14 funds have been depleted and a waiting list has been established. Due to the growing success of CVRP in bringing advanced clean cars to California, rebate demand has exceeded available funding. CVRP saw a rapid rise in rebates between July and December of 2013 with December reaching a new record with over 3,700 rebates reserved (approximately $7.6 million). Several market factors such as price reductions, attractive lease options, and the introduction of new models caused a significant and greater than anticipated increase in demand. Because of this increased activity, ARB is projecting a potential funding shortfall of up to $30 million for FY 2013-14. ARB is initially opening a waiting list for up to $5 million in rebates, and will seek board approval in April 2014 to expand the waiting list by an additional $25 million. Rebate applicants that are approved and placed on the waiting list during FY 2013-14 will receive a rebate under current FY 2013-14 rebate amounts and eligibility criteria. Rebate checks will be issued once funds become available, anticipated in September 2014. For more information about CVRP, please visit: http://www.arb.ca.gov/msprog/aqip/cvrp.htm or, http://energycenter.org/clean-vehicle-rebate-project If you have questions or require additional information, please contact Graciela Garcia at (916) 323-2781 or email@example.com. Background: The Air Resources Board Clean Vehicle Rebate Project is designed to promote the purchase of battery electric, plug-in hybrid electric, and fuel cell vehicles. Rebates of up to $2,500 per light-duty vehicle are available for individuals, nonprofits, government entities and business owners who purchase or lease an eligible vehicle. Over 50,000 rebates have been issued to date, totaling about $100 million. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: aqip, clean_cars, driveclean, ms-mailings.