N.Y. to Launch $2,000 PHEV Rebate
A Tesla Model S charging at a Tesla Supercharger station. Photo: Eric Gandarilla
New York state is launching a rebate program for electric vehicles (EVs) that will offer a $2,000 incentive for zero-emission and plug-in hybrid vehicles.
The program is designed to make EVs more price competitive with traditional cars, according to a report by the Associated Press. The initiative, which is part of an effort to reduce automotive carbon emissions, is expected to launch April 1.
The New York State legislature approved the rebate program in 2016 but recently received final approval from Governor Andrew Cuomo, according to Digital Trends.
The rebate has been in the works for long, since it had already been approved by lawmakers in April 2016.
More than three-quarters of states in the U.S. already offer incentives to lower EV costs, according to the National Conference of State Legislatures.
The state has already rolled out a rebate for municipalities buying electric vehicles for their government fleet, according to Kate Muller, director of communications and corporate marketing, New York State Energy Research and Development Authority.