Last year, the NY state legislature took a major step forward by approving New York’s first consumer electric vehicle rebate program in the 2016-17 budget!
The New York rebate offers a discount of $500 – $2,000 for the sale or lease of an electric vehicle. Known as the Drive Clean rebate, the amount is determined primarily by the car’s electric range. This discount is in addition to the federal tax credit of up to $7,500. Since more than half of the models now on the market have a base price of under $35,000 to begin with, this rebate means that New Yorkers can take $5,000 – $10,000 off the retail price of most electric cars.
Transportation currently accounts for more greenhouse gas emissions, about 35 percent, than any other sector in New York. In order to slash air pollution and meet the state’s climate goals, a large-scale transition away from gas-guzzlers toward clean electric vehicles is needed.
In New York, EVs are about 70 percent lower in emissions than similarly sized conventional cars, even factoring in emissions from electricity sources. Currently, 25 percent of New York’s electricity comes from renewable sources, and as New York continues to replace its coal power plants with renewable energy, EVs will rapidly become even cleaner.
Encouraging the transition to electric vehicles is an all-around win for our climate, our public health, and our economy.