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Monterey Bay Community Power Makes $1.1 Million In Incentives Available for Electric Vehicle Purchases

Monterey Bay Community Power Makes $1.1 Million In Incentives Available for Electric Vehicle Purchases

Monterey Bay Community Power Makes More Than $1 Million Available to Tri-County Drivers through Monterey Bay Electric Vehicle Incentive Program

     Monterey Bay Community Power and Monterey Bay Air Resources District recently launched the Monterey Bay Electric Vehicle Incentive Program (Monterey Bay eVIP), offering thousands of dollars in potential savings toward the purchase or lease of an electric or alternative-fuel vehicle.

Monterey Bay eVIP provides $1.1 million dollars in incentives for electric and alternative fuel vehicles. Monterey Bay eVIP kicks major savings into gear through a compilation of savings opportunities: discounted dealer pricing from participating dealers, incentives from either MBCP or MBARD, plus additional opportunities to save through California’s Clean Vehicle Rebate, the PG&E Clean Fuel Rebate as well as a Federal Tax Credit.

    Income-qualified participants get an extra funding boost and if they stack all the opportunities together, it could mean a total savings that approaches $10,000 off the original price for eligible vehicles.

     Savings available under the program is highest for individuals and varies by income. Individuals redeeming their savings under the programs can get up to $4,500 off a new vehicle purchase or lease, while educational institutions, non-profits and public agencies may qualify for up to $3,000. The remaining population, including local businesses qualify for up to $1,000. The applicable incentive is added at the time of purchase to the discounts provided at the dealership. Other savings can be secured through the state, federal or utilities company avenues listed above.

     Currently, less than 2% of vehicles in the tri-county area are electric. According to the U.S. Department of Energy, 80% of electric vehicle charging is done at home, largely due to typically lower costs and convenience. While some large commercial centers and city parking lots in the County include charging stations, many local high traffic areas do not. As a result, MBCP is also augmenting its alternative vehicle incentives by providing funding to its commercial customers who are interested in growing the number of charging stations in the Monterey Bay and may want to place one at their business.

     Incentives for electric vehicles apply to all Monterey Bay Community Power customers, which are those ratepayers who did not opt-out of joining last year. Eligible customers of MBCP are those who can find “MBCP Electric Generation Charges” on their PG&E bill.

     The Monterey Bay Electric Vehicle Incentive Program is being rolled out in two phases.

     Phase 1 (now – July 31), “Buy Local” is being ushered by MBCP and applies to electric vehicles only, with initial savings generated though incentives ranging from $1,000 to $4,500 depending on income-qualification and whether applicants are a business, resident, non-profit, school or public agency. Eligible vehicles include the 2019 Chevrolet Bolt available through Greenwood Chevrolet in Hollister, the 2019 Nissan LEAF and LEAF Plus available through Cardinale Nissan in Seaside, and the 2019 Volkswagen e-Golf available at Santa Cruz Volkswagen. More information about Monterey Bay eVIP Phase 1 will be available at mbcommunitypower.org.

     Phase 2 (August 1 until funds run out), “Your Choice, Your Terms” offers any tri-county car shopper the opportunity to apply for rebates provided by the Monterey Bay Air Resources District. While potential savings are slightly less than during Phase 1, ‘Your Choice, Your Terms’ means participants have the added convenience of applying their savings to any new or used alternative-fuel vehicle purchased or leased from any dealer throughout California. More information about Monterey Bay eVIP Phase 2 will be available beginning August 1 at mbard.org.

     The electric vehicle incentive program allows interested customers to redeem their incentives for both phases and those wishing to apply as a business or non-profit may do so here.

 “The Monterey Bay Region is poised to dramatically increase electric vehicle adoption,” shares MBCP Director of Communications and Energy Programs, JR Killigrew. “MBCP and MBARD are key drivers towards electrifying all types of vehicles. We’ve already identified the transportation sector as one of our top focus areas to continue reducing greenhouse gas emissions and eliminate criteria air pollutants, so we’ve been very motivated to offer a program which gets more people in EVs.”

Monterey Bay Community Power is a Community Choice Energy agency established by local communities to source carbon-free electricity for Monterey, San Benito and Santa Cruz counties while retaining PG&E’s traditional role delivering power and maintaining electric infrastructure. For more information, visit www.mbcommunitypower.org