2023 Chevy Bolt EV Review

The California Air Resources Board (CARB) through the Driving Clean Assistance Program (DCAP) offers two pathways for applicants: the Clean Cars 4 All route or Financial Assistance route. The pathway outlined here is for the Clean Cars 4 All, offering a standard grant of $10,000, or a total of $12,000 (which requires residency in a disadvantaged community census tract). This offer requires scrapping a qualifying 2009 or older vehicle and replacing it with the purchase or lease of an 8 year old or newer battery electric vehicle. Check with your local Air District for any available programs that may take precedence over the DCAP programs. To qualify:

• Income eligible applicant must be a California resident living within the jurisdiction of one of the following Air Districts: Antelope Valley, Eastern Kern, or Mojave Desert.
• Application approval required prior to purchasing or leasing from an authorized participating dealership.
• Max purchase price of replacement vehicle: $45,000.
• Previous participation in other CARB funded programs may affect eligibility.

Additional information:

• For the $10,000, must have an income at or below 300% of the current Federal Poverty Level as defined by the U.S. Department of Health and Human Services.
• For the $12,000, must also reside in a disadvantaged community census tract.
• Participants may qualify for an additional charging grant, choosing between Level 2 home charging equipment or a prepaid card for public charging.
• Participants not getting a replacement vehicle may receive up to $7,500 towards public transit, car sharing, bike sharing, and e-bike passes.
• Fair financing may be available, capped at $45,000 with an interest rate no more than 8%.

To learn more, visit Driving Clean Assistance Program

The California Air Resources Board (CARB) through the Driving Clean Assistance Program (DCAP) offers two pathways for applicants: the Clean Cars 4 All route or Financial Assistance route. The path outlined here is for the Financial Assistance, offering a standard down payment assistance grant of $7,500 towards the purchase or lease of an 8 year old or newer battery electric vehicle. Scrapping and replacing a vehicle is not required. Check with your local Air District for any available programs that may take precedence over the DCAP programs. To qualify:

• Income eligible applicant must be a California resident.
• Application approval required prior to purchasing or leasing from an authorized participating dealership.
• Maximum purchase price of replacement vehicle not to exceed $45,000.
• Previous participation in other CARB funded programs may affect eligibility.

Additional information:

• For the $7,500, must have an income at or below 300% of the current Federal Poverty Level as defined by the U.S. Department of Health and Human Services.
• Participants may qualify for an additional charging grant, choosing between $2,000 for the purchase and install of Level 2 home charging equipment or $2,000 for a public charging card.
• Fair financing may be available, capped at $45,000 with an interest rate no more than 8%.

To learn more, visit Driving Clean Assistance Program

Southern California Edison offers EV owners a rebate of up to $4000 towards the purchase or lease of a qualified used electric vehicle.

To qualify for this rebate, the customer and/or vehicle must meet the following requirements:

• Receive electricity from Southern California Edison.
• Have purchased or leased an electric or plug-in hybrid vehicle.

Additional Information:

• Income-qualified applicants may instead receive $4,000 based on their household level of income for the purchase or lease of a pre-owned EV.

To learn more, visit https://evrebates.sce.com/

Under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Used Clean Vehicle Tax Credit equal to 30% of the sale price up to a maximum credit of $4,000 for the purchase of a used plug-in electric or hydrogen fuel cell vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. Not every version of the vehicle models will necessarily qualify. Please check with the dealer/seller to determine the eligibility of your specific vehicle.

For the vehicle to qualify:

• Price cannot exceed $25,000.
• Need to verify the Vehicle Identification Number (VIN).
• Must be at least two model years older than the current calendar year in which the vehicle was purchased.
• Must be sold through a dealership, private sales not permitted.
• Not have already been transferred after August 16, 2022, to a qualified buyer.

For individuals to qualify:

• Must meet income eligibility, depending on modified adjusted gross income (AGI) and tax filing status.
• Must not be the first owner of the qualifying vehicle.
• Has not been allowed a credit under this section for any sale during the 3-year period ending on the date of the sale of such vehicle.
• Purchased for personal use, not a business, corporation or for resale.

To learn more, visit https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

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