TURN OVER A NEW "LEAF"-- STATE OFFERS TAX CREDIT FOR PLUG-IN VEHICLES

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November 12, 2010 (San Diego)--Next month, San Diego will become one of the first and few markets in the country where Nissan will begin selling its plug-in electric vehicle called the Leaf. That model will be joined by the Chevrolet Volt, another plug-in electric vehicle, by year’s end. 

 

These models and other plug-in electric vehicles are eligible for a $5,000 tax credit offered by the State of California on a first-come, first-served basis.

 

The program is administered by the California Center for Sustainable Energy and will last until the $4.1 million fund is exhausted.  The rebate is available for individuals and business owners who purchase or lease new zero-emission or plug-in hybrid electric vehicles. Certain zero-emission commercial vehicles are eligible for rebates up to $20,000. To learn more about the state program, visit www.energycenter.org/index.php/incentive-programs/clean-vehicle-rebate-p....

In addition, the federal government is offering up to $7,500 rebates for plug-in electric vehicles, and a tax credit of 50 percent of the cost of installing electric vehicle charging equipment at residences or businesses. To learn more about the federal programs, visit www.fueleconomy.gov.