Milpitas, California EV Tax Credit Details

The following tax credits are available to eligible drivers throughout the Milpitas and San Lorenzo area:

• Federal Tax Credit for New Electric Vehicles (Income Qualified): This federal tax credit offers up to $7,500 and is available for the purchase of all-electric or plug-in hybrid vehicles. Availability depends on several factors, including the vehicle's MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI). Visit the official U.S. government source for fuel economy to learn more about the available federal EV tax credits.

• Federal Tax Credit for Used Electric Vehicles: Available for pre-owned all-electric, plug-in hybrid, and fuel cell electric vehicles purchased on or after January 1, 2023. The credit equals 30% of the sale price up to a maximum credit of $4,000.

• Senate Bill 1382 (stats. 2022, ch. 375) has established a partial sales and use tax exemption on qualifying zero or near-zero-emission motor vehicles purchased or leased by qualified California buyers. This partial sales and use tax exemption is effective from January 1, 2023 through December 31, 2027, with eligibility based on the buyer’s household income level, where they reside, and the vehicle leased or purchased.

Electric Vehicle Incentives in Newark, CA

Qualified Newark and Bay Area residents may also be able to take advantage of incentives and rebates such as:

EV Purchase and Lease Incentives & Rebates

• Clean Cars 4 All Program (CC4A)Partial Sales and Use Tax Exemption: Offered by the California Air Resources Board (CARB) in association with local air districts, CC4A provides incentives to lower-income California drivers to replace their older, high-polluting motor vehicles with zero-emission vehicles. The current CC4A program provides qualified buyers with grants of up to $9,500 on the purchase or lease of an eligible vehicle.

• Bay Area Air Quality Management District Clean Cars for All: Provides incentives of up to $12,000 for low-income Bay Area residents to retire their qualified operating and registered 1996 or older vehicle and replace it with a hybrid, plug-in hybrid, battery-electric, or to get a Clipper Card for public transit. Applicants must have an annual household income less than or equal to 400 percent of the federal poverty level to be eligible.

• Pacific Gas and Electric Company (PG&E) Pre-Owned EV Rebate: The PG&E Pre-Owned EV Rebate program offers two rebate levels, based on the applicant's household level of income when the pre-owned electric vehicle was purchased or leased. The Standard Pre-Owned EV Rebate offers up to $1,000 and the Pre-Owned EV Rebate Plus offers income-qualified customers an additional $3,000 rebate

• Pacific Gas and Electric Empower EV Program: Offers income-eligible households up to $2,500 in financial incentives. The program extends to qualifying customers in single-family households who have recently purchased or leased an EV within six months prior to applying to the program. PG&E will cover the cost of up to $500 for one Level 2 charger (hardwires or plugs into to 220+ volt outlet). PG&E will cover up to $2,000 per single-family household for panel upgrades completed by licensed electricians.

• Pacific Gas and Electric (PG&E) Special EV Rate for Home Charging: PG&E offers two electric vehicle rate plans for residential customers. Home Charging EV2-A combines your vehicle's electricity costs with your home's electricity usage, while EV-B separates your vehicle's electricity costs from those of your home and involves the installation of a second meter. Both EV2-A and EV-B are non-tiered, time-of-use plans, so the rate you pay is based on the time of day you use the electricity.

• The Consumer Assistance Program (CAP) Vehicle Retirement: Offers eligible consumers an incentive to retire their operational vehicle. Consumers meeting the income eligibility requirement may receive an additional $500 for each vehicle retired. All other vehicle owners may receive $1,000 to retire their vehicle at a BAR-contracted dismantler. To be eligible for the full $1,500 incentive, your gross household income must be less than or equal to 225% of the federal poverty level.

• Alameda Municipal Power (AMP) Used All-Electric Vehicle Rebate: When you buy a used battery electric vehicle (BEV), you may be eligible for a cash rebate of $1,500. Income-qualified buyers of a used battery electric vehicle (BEV) may be eligible for a cash rebate of up to $4,500. The income-qualified rebate combines with the standard rebate for a total of $6,000. This rebate only applies to used all-electric vehicles with a purchase price below $40,000.

• Decal for High Occupancy Vehicle (HOV) Lane Exemption (DMV): Authorizes a vehicle that meets specified emissions standards to be issued a CAV decal to allow single occupancy use of High Occupancy Vehicle (HOV or carpool) lanes. CARB establishes the official list of eligible vehicles based on vehicle emissions.

CA EV Rebate Program Requirements

The California EV rebate programs all have their own individual requirements, so you will need to look into the exact eligibility requirements for the specific CA EV rebate program you are interested in. That being said, most CA EV rebate programs include the following requirements:

• Must be a California resident at the time of the vehicle purchase or lease, and must retain ownership and registration in California for the specified minimum period.

• The vehicle must be a new or used battery electric vehicle (BEV), or plug-in hybrid vehicle (PHEV) from a pre-determined model year, that was purchased or leased in California.

• EVs or PHEVs purchased from a private seller are typically not eligible.

• Many CA EV rebate programs have specific income requirements.

The team at Audi Fremont will be happy to help you explore all of the available CA EV rebate options. Please feel free to contact us to learn more.

Why Visit Audi Fremont to Take Advantage of EV Incentives?

Along with our extensive new Audi electric vehicle inventory, we also offer a fine selection of pre-owned EVs and PHEVs, so you are sure to find the electric vehicle that is the best fit for you at Audi Fremont. Our prices are very competitive, and we also offer new vehicle specials, pre-owned vehicle specials, and a variety of flexible lease and financing options. You will also enjoy access to the following when you visit us at our Bay Area Audi dealership:

• Certified Audi Technicians and a State-of-the-Art Service Center

• Genuine Audi Parts & Accessories

• Exclusive Guest Amenities

If you have any questions or if you would like to schedule your visit to Audi Fremont, please give us a call at (510) 403-3700.