Low-income Californians can save up to $27,000 on the purchase of an electric car, but must meet several conditions

In 2023, US authorities and individual states are encouraging residents to buy electric cars. To do this, state subsidies are being introduced that allow for savings. For example, California residents can buy an electric car at a maximum discount of $27,000. But in order to do so, both the buyers themselves and the cars must meet several criteria. We will talk about these in more detail below.

Here's What We Know

You've probably already heard about the government subsidy program. Buyers can expect a tax deduction of up to $2500-7500 on new and used electric cars. It's relatively simple here. You must already own a car. It doesn't matter if it's new, old or leased.

In order to get the "discount" you need to buy an American car worth up to $55,000. The car and battery must be assembled in the USA. Also, the annual income of the buyer must be no more than $75,000 if buying a used car and up to $150,000 if buying a new car. Married couples can claim the tax deduction even if their combined annual income is $150,000 and $300,000 respectively.

Residents of California's five air counties (Sacramento, Bay Area, San Joaquin Valley, South Coast and San Diego) can take part in the Clean Cars 4 All (CC4A) programme. The initiative encourages residents in the region to buy zero-emission vehicles.

Households whose income is at 225-300% of the federal poverty level ($40,770 for a single person and $83,250 for a family of four) can receive $10,000 in vouchers to buy a new electric car. If their income level is 225% or lower, they will receive $12,000.

Finally, a third way to save money on the purchase of a "battery-powered" car is another California programme. It allows for up to an additional $7500 in rebates. The applicant must have a head income of no more than $150,000 a year.

Source: The Sacramento Bee