Edison International

11/17/2020 | News release | Distributed by Public on 11/17/2020 16:05

Statewide EV Rebate Program Launches

A new statewide electric vehicle program, California Clean Fuel Reward, gives drivers across California up to $1,500 off a new EV.
The point of purchase incentive applies to new cars purchased or leased at participating car dealerships and retailersacross California. The incentive is applied at the time of purchase or lease. It is in addition to the federal EV tax creditand any applicable California clean vehicle rebates.
With the launch of the California Clean Fuel Reward program, Southern California Edison's Clean Fuel Rewardprogram will end Dec. 31. SCE plans to launch a new pre-owned EV rebate program early next year.
'It's a common myth that EVs cost more than their fossil-fueled counterparts,' said Carter Prescott, principal manager of operations for SCE's eMobility team. 'When you factor in incentives like the California Clean Fuel Reward and lower fuel and maintenance costs, EVs are on a par with and can cost less than gasoline-powered cars.'

It's a common myth that EVs cost more than their fossil-fueled counterparts. When you factor in incentives like the California Clean Fuel Reward and lower fuel and maintenance costs, EVs are on a par with and can cost less than gasoline-powered cars.'

Carter Prescott, SCE Principal Manager

Fueling an EV is equivalent to paying less than $2 per gallon of gasoline. Most EVs come with a Level 1 charger that can plug into a standard 120-volt residential outlet and SCE has different rate options to help customers save money. These plans may include special rates offering lower costs for charging off-peak or at night. The Rate Assistant Tool can help customers determine the best rate for them.
EVs also produce zero smog-forming pollutants, so each mile driven using electricity from the grid reduces harmful emissions. Transportation, driven largely by cars, produces nearly 80% of the state's air pollution and more than 40% of all greenhouse gas emissions.
Earlier this year, to reduce GHG emissions, Gov. Newsom signed an executive ordermandating 100% of new vehicle sales in California to be electric cars by the year 2035. To help the state meet its clean energy and carbon-neutrality goals, SCE's recent analysis, Pathway 2045, concludes that 75% or 26 million of the cars on California's roads will need to be electric by 2045.
The California Clean Fuel Reward is being offered by the California Air Resources Boardand California's electric utilities. SCE is administering the program on behalf of the participating utilities. It is funded through California's Low Carbon Fuel Standard Program, which helps combat climate change by encouraging the use of clean fuels, like electricity, in vehicles.