You'll Need More Green to Go Green in California
You need green to go green, but the greenest state is cutting back how much green it can grant. In other words, the fund behind California's $5,000 electric vehicle incentive rebates has dried up. However, the state's Air Resources Board has designated an extra $40 million to be divided into a new batch of incentives, this time for $2,500 . This is on top of the $7,500 federal tax credit on electric and plug-in hybrid vehicles. The rebate change comes on the heels of a new price increase for the only all-electric vehicle on the market: The Nissan Leaf. The automaker, which recently announced plans to produce Leaf motors in its Tennessee factory, is increasing prices on base and SL-model Leafs around seven to nine percent, or $2,420 and $3,530 respectively. The new rebate just barely covers the first increase, and falls $1,000 short on the SL models. However, buyers won't be limited to the Leaf for long. Ford will soon start selling an all-electric version of the new Focus compact. The Mitsubishi iMiEV is also headed our way, and the company recently announced that it would offer the next Outlander Crossover as a plug-in hybrid. Toyota will offer an all-electric RAV4 Electric and the Prius will also get a plug-in hybrid model. Honda fans will also get a bite at the electric apple when electric and plug-in hybrid versions of the Fit go on sale. Source: L.A. Times
When we think "rental car," we cringe.