NY Boosts EV Savings

Revving Up: New York’s EV Incentives

It’s no secret that going electric is the way of the future, especially with more enticing incentives coming down the pike. New York is doubling down on EV adoption by pumping an extra $30 million into its EV rebate program. The incentives target over 60 new EVs and Plug-In Hybrid Electric Vehicles (PHEVs), and are available statewide. Since 2017, New York’s Drive Clean Rebate has already helped roll out more than 190,000 rebates thanks to the NYSERDA. This means consumers looking to make the shift to electric can look forward to substantial savings.

Sweet Deal for New York Drivers

Take center stage New York, because with the state’s latest initiative, drivers can save up to $9,500 when switching to electric vehicles. This combines the $7,500 federal tax credit with the state’s rebates that offer up to $2,000, based on range and price. For instance, snag the full $2,000 rebate with an EV boasting a 200-mile range or more. If it’s between 40-199 miles, expect $1,000, while anything less than that scores $500. If the price tag is over $42,000, a modest $500 rebate kicks in under New York’s Drive Clean Rebate program.

This incentive applies when purchasing or leasing from a participating dealer, with a full list available from the NYSERDA website. Given how the federal $7,500 credit has weathered political challenges, it still stands strong alongside New York’s robust rebate, making EVs much more accessible.

Electric Ambitions in NYC

New York City isn’t idly watching from the sidelines. According to the Mayor’s Office of Climate and Environmental Justice, the city aims to put 400,000 electric vehicles on the road by 2030. Driving towards this goal, NYC has made significant strides, like electrifying nearly two-thirds of its municipal fleet. Future projects include acquiring 75 electric school buses, with an eye to electrifying the whole fleet by 2035.

Adding more wires to the skyline, NYC has ambitious plans for charging infrastructure too. The city aims to install 40,000 Level 2 chargers and 6,000 DC fast chargers by 2030. Across the state, additional rebates cover charger installations. New York is currently home to over 17,000 chargers, ranking second nationwide after California’s 84,000.

Conclusion

As society accelerates towards an electrified future, lagging behind could cost dearly. New York, alongside California, is in the driver’s seat with programs that power consumers into EVs and bolster the necessary infrastructure. Despite varied levels of enthusiasm at the federal level, pioneering states show what forward-thinking energy policies can achieve. Other states might soon find themselves inspired to follow suit, supporting a shift that places the United States at the forefront of the electric vehicle era.