SAN FRANCISCO -- PG&E announced Thursday it's launching a pre-owned electric vehicle rebate program to provide qualified residential customers with up to $4,000 when purchasing or leasing a pre-owned EV.
Current PG&E electric customers may qualify to receive a $1,000 or $4,000 rebate, based on household income when purchasing or leasing an eligible pre-owned all-electric vehicle or plug-in hybrid EV. "This new rebate program addresses the continued growth of the pre-owned EV market with a focus on making EVs more affordable for all customers throughout our service area," Aaron August, PG&E vice president of utility partnerships and innovation, said in a statement.
The Pre-Owned EV Rebate Program is funded by the California Air Resources Board's low carbon fuel standard, an initiative designed to reduce the state's greenhouse gas emissions causing climate change. PG&E earns LCFS credits for supplying low-carbon fuel in the form of electricity and redistributes funds generated from the sale of those credits through customer programs. The Pre-Owned EV Rebate Program has no impact on customer rates.