As much as $4,000 offered for the purchase of a qualifying used EV
Peninsula Clean Energy is expanding its program that offers rebates of up to $4,000 for the purchase of a used electric vehicle.
San Mateo County residents regardless of income can now receive a rebate starting at $700 for a plug-in hybrid and $1,000 for a fully-electric vehicle. Income-qualified county residents can receive a rebate as high as $3,700 for a plug-in hybrid and $4,000 for a fully-electric vehicle.
Qualifying EVs are eight-years-old or newer with a pre-incentive purchase price of $25,000 or less. Eligible plug-in hybrids must have a minimum range of 25 miles.
Income-qualified residents can also combine a Peninsula Clean Energy rebate with other regional and state EV incentive programs, amounting to as much as $11,500 in incentives.
Peninsula Clean Energy is partnering with GRID Alternatives Bay Area, a leading non-profit provider of clean energy programs to underserved communities, to administer the used EV rebate program.
“Partnering with Peninsula Clean Energy means more San Mateo County residents, especially those in underserved communities, can have affordable access to cleaner cars,” GRID Bay Area Executive Director Arthur Bart-Williams said.
“These rebates, coupled with our expansive efforts to install new charging infrastructure, create an unprecedented opportunity for San Mateo County residents to transition to electric vehicles that significantly save money and drive down greenhouse gas emissions heating our planet,” said Burlingame City Council Member Donna Colson, who is vice chair of Peninsula Clean Energy's board of directors. “This is also a great opportunity for our local used car dealerships to continue their post-pandemic rebound.”
Residents must apply for a rebate prior to purchasing a used EV in order to be eligible but once approved can receive an instant rebate if they purchase the vehicle at one of nearly a dozen participating local car dealerships.
“Had it not been for this program, I would have never even considered buying an electric vehicle, due to it being financially out of my reach,” said Victor Bianco, a Redwood City resident who purchased a used plug-in hybrid EV in 2020. “I wholeheartedly recommend this to everyone because of the simplicity of applying to it. It is a money saver, great investment and environmentally friendly.”
More details are available at www.peninsulacleanenergy.com/usedev.
About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and, beginning in 2022, for the City of Los Banos. Founded in 2016 with a mission to reduce greenhouse gas emissions in the county, the agency serves 295,000 customers by providing more than 3,500 gigawatt hours annually of electricity that is 100 percent carbon-free and at lower cost than PG&E. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in its communities to expand access to sustainable and affordable energy solutions. Peninsula Clean Energy is on track to deliver electricity that is 100 percent renewable by 2025. The agency has earned investment grade credit ratings from Moody’s and Fitch.