Earlier this month California utilities launched the California Clean Fuel Rewards Program, a statewide point-of-sale electric vehicle rebate program worth up to $1,500 per vehicle (depending upon battery size). This program is funded by credits from California’s Low Carbon Fuel Standard (LCFS), which are quickly becoming a major source of support for transportation electrification, complementing other state climate and clean air programs. Incentives are good way to accelerate the electric vehicle (EV) market, especially rebates available at the time of purchase. These incentives are different than past state and local efforts because they are funded by producers of carbon-intensive fuels.
