SAN FRANCISCO--(BUSINESS WIRE)--Planning to shop for a new vehicle during the Presidents’ Day weekend? California has a new incentive for going electric. Pacific Gas and Electric Company (PG&E) and other electric utilities have teamed up with the California Air Resources Board (CARB) to offer the California Clean Fuel Reward, a point-of-sale price reduction of up to $1,500 off the purchase or lease of any eligible, new electric vehicle (EV). Consumers can receive this instant price reduction at any participating automotive retailer.
“The goal of the program is to accelerate the number of electric vehicles on California’s roads and highways,” said CARB Vice-Chair Sandy Berg. “The instant point-of-sale price reduction of up to $1,500 will help make these ultra-clean cars more affordable, especially for low-income families or those living in disadvantaged communities.”
The California Clean Fuel Reward is available to everyone in California and taking advantage of the reward is easy. When buying or leasing an EV at an enrolled retailer in California, the retailer will simply include the reward in the transaction at the point of sale. The customer does not need to do any paperwork after the sale to receive the reward.
Lists of enrolled retailers and eligible battery electric or plug-in hybrid vehicles are on cleanfuelreward.com, which will be continually updated as new retailers and EV models are added.
More than 20 cars from 15 manufacturers are eligible for the reward including 2021 models eligible to receive the full $1,500. PG&E recommends customers explore the entire list of available vehicles and rewards.
The California Clean Fuel Reward can be combined with existing post-sale federal, state and local incentives, such as the Clean Vehicle Rebate Project, Clean Cars 4 All, and the Clean Vehicle Assistance Program, to potentially help customers save over $10,000 on their EV purchase.
PG&E EV Resources
PG&E’s EV Savings Calculator helps customers who are considering purchasing or leasing an EV to compare cars and evaluate total cost of ownership of an EV compared to gas-powered cars. The tool provides customers with a personalized recommendation that includes estimated costs, savings, and rebates or incentives of up to approximately $10,000.
Additionally, the EV Savings Calculator allows customers to explore EV rate options available to them for residential charging and find public charging stations in their area. Since launching two years ago, the tool has helped more than 350,000 users calculate their savings.
To learn more about PG&E’s support and resources for customers with EVs, visit pge.com/ev.
More Information on the California Clean Fuel Reward
The California Clean Fuel Reward is funded by electric utilities participating in CARB’s Low Carbon Fuel Standard (LCFS) Program. From its beginning in 2011, the LCFS has helped cleaner fuels displace more than 16 billion gallons of liquid petroleum fuels. The program allows producers of clean fuels, such as electric utilities, to generate credits they can sell to producers with more carbon-intense products. Sales of those credits fund programs such as the California Clean Fuel Reward program.
Southern California Edison is administering the program on behalf of, and in collaboration with, all participating utilities.
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.