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Tesla Fights California Green Car Rebate Reduction
The electric car boom seems to be a regional phenomenon. California leads the way with up to $1500 rebates for purchasing environmentally friendly, green vehicles. The state has issued over 100 million dollars in rebates since the program began, and it is estimated they will need another 25 million dollars to pay upcoming requests. California’s legislature is poised to make a change to the rebate program, which will not allow the rebates for vehicles costing more than $60,000. This move serves two purposes, diverting more rebates to lower income buyers and slowing down the number of requests for the rebate.
Tesla has a special interest in this change as their Model S would be significantly impacted. Tesla estimates they could lose as many as 2500 sales per year, slowing down their production and profits. Multiply that by the Model S’s 70,000-95,000 price tag and you can see why they are concerned. But one must wonder how much of an impact $1500 has on car buyers or lessees who are purchasing a 80,000 vehicle.
If you want more details on eco-friendly vehicles like the Tesla Model S, Chevy Volt or Nissan Leaf, get a free quote from www.CarDealerRebates.com today!
