This grant for purchasing electric vehicles (EVs) requires applying before buying the vehicle. It recently reopened after running out of funds for a while. The dealership deducts the grant amount upfront from the purchase price; it’s not a rebate received later. Previously, it was a $5000 grant, but it has now increased to $7500. If approved, you also receive a $2000 credit for home charging installation, or $1000 in EVGo credits if home installation isn’t possible.
The requirements mostly revolve around income, but there’s a new condition of living in a “disadvantaged community,” which they determine in a questionable manner. However, if you reside in one of these areas, it’s worth looking into. An irritating aspect is the time limit to use the grant, which has been reduced to 60 days, making it challenging due to EV availability issues (Tesla isn’t currently eligible). You’re also obligated to keep the vehicle for three years, or you’ll need to repay the grant.
Approved dealerships must be used for vehicle purchase, and it appears that used vehicles now qualify as well. In 2021, I combined this grant with CVRP and Clean Fuel Reward (now defunct) to purchase a Model 3, effectively lowering the cost to that of a Toyota Camry. Despite the cumbersome application process and lengthy wait (three months in 2021), it can be worthwhile as it stacks with other incentives and tax credits. Note that Tesla isn’t currently on the approved dealerships list, but they might apply for eligibility later.