CA Clean Fuel Reward

2022 Hyundai IONIQ 5 Charging

CA Clean Fuel Rewards Program Paused

Due to a higher-than-expected response, lower-than-expected revenue, and other legal considerations, the CA Clean Fuel Rewards Program has been paused. The reward amount of $750 from the California Air Resources Board has been reduced to $0. The decision was made in part because the fund has a legal obligation to retain $10 million in reserve. The response to this program was larger than anticipated, so maintaining this reserve became a challenge. The California Air Resources Board is dedicated to the health and sustainability of this program and will announce future updates to reward amounts and requirements. California EV shoppers have other alternative incentives available.

 

California Electric Vehicle Tax Incentives

In addition to the CA Clean Fuel Reward, Californian EV drivers also have access to the California Clean Vehicle Rebate, which is based on your household income. Sacramento drivers have to apply for this incentive, and it isn’t automatically applied like the CA Clean Fuel Reward. Nevertheless, this California electric vehicle tax credit is still worth your while. Here are some additional EV programs that you can take advantage of:

  • Clean Vehicle Assistance Program Beneficial State Foundation: Participants have access to loans at an 8% interest rate or lower from Beneficial State Bank.
  • Vehicle Retirement Consumer Assistance Program: This program gives anywhere between $1,000 to $1,500 to support the retirement of old, polluting vehicles.
  • Clean Cars For All: Drivers who are low-income can access this incentive if they get rid of their older, high-polluting vehicles and replace them with a zero- or near-zero-emission vehicle.
  • Driving Clean Assistance Program: If you live in any Bay Area counties, Sacramento, Santa Cruz, or Yukon counties, the Community Housing Development Corp. provides grants up to $5,000 for new or used plug-in hybrid vehicles and battery electric vehicles with less than 75,000 miles on them. Program participants may also be eligible for a grant of up to $2,000 to purchase a Level 2 home charger or a portable charger.

National Electric Vehicle Tax Incentives

As you can see, there are ample Hyundai California EV tax credit options available that help you save big on your fuel-efficient vehicle upgrade. On top of those credits, you also have access to the Federal EV Tax Credit which ranges from $2,500 to $7,500. Natomas drivers have to apply for the Federal EV Tax Credit, and it’s based on household income. It’s important to note that this incentive is only available on vehicles whose automakers have sold less than 200,000 EV units.

Shop for a Fuel-Efficient Hyundai with Elk Grove Hyundai

If you have any questions about Hyundai California EV tax credits, or you’d like to know which vehicles are eligible for CA Clean Fuel Reward, give Elk Grove Hyundai a call or stop by our showroom near Roseville. While you’re here, you can browse our EV and hybrid inventory, inquire about our new vehicle specials, and work with our finance experts to discuss your buying options and incentive eligibility.

 

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