Though still somewhat murky in execution, the State of Illinois has further clarified it’s $4,000 EV rebate program. Part of the Climate and Equitable Jobs Act passed by the General Assembly and signed into law by Governor Pritzker on Sept. 15, 2021, the Electric Vehicle Rebate program begins in earnest on July 1, 2022.
The program allows Illinois residents who purchase a new or used all-electric passenger vehicles from a dealer licensed by the Illinois Secretary of State to apply for a rebate of up to $4,000. The rebate amount cannot exceed the purchase price of the vehicle. The purchaser must retain ownership of the vehicle for a minimum of 12 consecutive months immediately after the vehicle purchase date. Only one rebate will be issued to a purchaser in any 10-year period. Finally, purchasers must apply for the rebate within 90-days after the vehicle purchase date.
The legislation also allows for incentives for private organizations and companies to install and maintain Level 2 or Level 3 charging stations. Up to 80% of the cost of the installation of charging stations may be funded. Additional awards may incentivize charging infrastructure in eligible communities.
More information can be found here. The state has also posted a FAQ that provides additional details. The Chicago Area Clean Cities Coalition will host an Illinois EV Rebate Program Webinar on July 13 at 11 A.M.
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