Federal and State Incentives for Plug-Ins, EV's

Ya, I see what you are saying.

I have read some articles regarding used EV vehicles selling for crazy low prices as in 1/3 of original price in only 3 years.

On the flip side, in calif at least, I am seeing late model used Prius plug ins selling for more than a new one with incentives which boggles my mind.

When I look for plug ins outside of California, I see them asking for $3,000 to $4,000 less.

Even though I see calif prices as high, I don't know what they actually sold for.

So long as the gas prices continued to fall, I am hoping these Prius prices become less inflated as far as price.


iPhone ?

 

Do the new Plugin Prius have HOV stickers?
If not, that may explain it.

 

Yes, the new ones have HOV stickers. Calif extended or increased the amount of HOV stickers.






iPhone ?

 

Gen2 PiP supposed to come out shortly after Gen4 Prius. You'll have a lot more to update then.

 

Georgia Electric-Car Sales Plummet After Incentive Replaced By Tax

With Electric Car Incentives Gone, Electric Car Registrations in State of Georgia Plummet | Transport Evolved

 

I would expect that a significant amount of that drop is because people who were inclined to buy a car with incentives moved their purchases up to be sure to get the incentive. Notice the higher numbers in April - June.

Mike

 

Update on NY rebate:
Law passed in April 2016 and budget money was allocated - $2000 for each plug-in vehicle.
This is being handled through NYSERDA. Even though the money is there, the mechanism has not been put in place. Was told that the law mandated NYSERDA have a procedure in place by April 2017.

NEW YORK
NY state appears to be in with the crowd (VA, NJ, GA) that does not give state tax PiP incentives. You do have some free HOV access that any hybrid qualifies for (eg; Long Island Expressway). Also there are Green EZPass discounts, but see discussions on PriusChat as the rules are complex in the NYC/North Jersey areas due to different EZPass jurisdictions.

 

Question: Is a used(bought from a dealer off lease return) PiP eligible for these incentives ? I am not sure if the previous owner has applied for the incentives or not. (The previous owner didnt apply for the Green HOV decals, also didnt apply for PG&E incentive, I got them both. But now how to check if the Government incentives were used or not? What would be the worst danger if I apply for my taxes with these benefits? worst case, IRS/CA FTB may deny the taxes OR I may end up in paying those incentives back? Any good idea?

 

On the federal tax credit, it doesn't matter if the original purchaser applied for the credit or not. Only that person is eligible. "Additionally, the original use of the vehicle must commence with the taxpayer and the vehicle must be used predominantly in the United States." from: Plug In Electric Vehicle Credit IRC 30 and IRC 30D | Internal Revenue Service

I don't know about individual states since my state doesn't have any income tax from which to ask for a credit.

 

Many thanks Jerry, you are right.. first use by the tax payer condition is the killer here. I did some more research and confirming this.
I also have learned that the first owner(Toy Dealer) didnt apply for that break(strange...)

 

Here is the wealth of rebates that your vehicle MAY be eligible : Drive Clean