Oregon gave 27,849 electric vehicle rebates worth $78 million since 2018

(The Center Square) – Oregon has spent $78 million on its electric vehicle rebate program, delivering 27,849 rebates across three programs since late 2018 until it exhausted funding.

The Oregon Clean Vehicle rebate program provides data as of July 26.

Standard rebate: 23,758 costing $57.6 millionStandard and Charge ahead program: 2,631 costing $15.5 millionCharge Ahead program: 1,460 costing $4.9 million

The state has 45,937 battery-electric vehicles and 21,801 plug-in hybrid vehicles as of March 2023.

The Oregon Legislature created the EV rebate program in 2017 to reduce greenhouse gas emissions by 45% below 1990 levels by 2035 and 75% below 1990 levels by 2050.

- Advertisement -

Oregon Department of Environmental Quality Public Affairs specialist Susan Mills told The Center Square that the program addresses the transportation sector’s 40% overall contribution to state GHG emissions.

“We are on track to meeting the 2035 goal,” Mills wrote in an email. “The Oregon Clean Vehicle Program is one of the key tools aiding the transition to electric vehicles by increasing the accessibility and affordability of new and used electric vehicles.”

The Legislature reserved the “Charge Ahead Rebate” for low-and-moderate-income households, and demand continues to outpace funding.

State data show that 19% of rebate users reported an annual income of $100-$150,000. About 15% declined to answer, and 13% reported earning between $150,000-$200,000. The demographics earning $50-$75,000 and $75,000-$100,000 each comprised 10% of rebate users.

Forty-two percent of rebate respondents reported a two-person household.

Nearly every month between 2021 and 2023, between 300 and 800 people applied for EV rebates. Nearly all rebate users bought a new car instead of leasing one.

- Advertisement -

Program funding is current through Feb. 28, 2023. The Oregon Clean Vehicle Rebate Program is suspended until next year, which Mills estimated the program funding will be refilled in March 2024.

To fund the OCVRP, DEQ receives 45% of the state’s Vehicle Privilege Tax or at least $12 million per year. Oregon also received a one-time additional allotment of $15 million in 2022.

The last vehicles eligible for rebates must have been leased or purchased before May 1, 2023. Those seeking rebates have up to six months to apply, but because of the suspended program, those who apply within their six-month window will be waitlisted and paid first once the program opens again next year.

Federal data say Oregon has

3 million gas-fueled vehicles216,100 diesel-fueled vehicles50,200 biodiesel vehicles

Nationwide, about 17 states have electric vehicle rebate programs.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Everyday Economics: The macro backdrop is more difficult, and that matters for housing

Last week’s inflation report showed the first clear signs...

Texas House committee fines Democrats nearly $423,000 for absconding

(The Center Square) – The Texas House Committee on...

Optimism abounds for Garrity’s second historic upset, this time against Shapiro

(The Center Square) – Unseating an incumbent governor is...

Illinois Quick Hits: Ex-nonprofit exec sentenced for state, federal grant fraud

(The Center Square) – A former Chicago-area nonprofit executive...

Illinois bill would mandate infant allergy coverage, with unclear cost impact

(The Center Square) – An Illinois proposal to require...

Congress to tackle DHS shutdown, govt. funding, voter ID bill on return

(The Center Square) – After two weeks of recess,...

Trump: U.S. to blockade Strait of Hormuz after Iran peace talks falter

The U.S. Navy will blockade the Strait of Hormuz...

Five years into Operation Lone Star, apprehensions ongoing in south Texas

(The Center Square) – Five years into Operation Lone...

More like this
Related

Everyday Economics: The macro backdrop is more difficult, and that matters for housing

Last week’s inflation report showed the first clear signs...

Texas House committee fines Democrats nearly $423,000 for absconding

(The Center Square) – The Texas House Committee on...

Optimism abounds for Garrity’s second historic upset, this time against Shapiro

(The Center Square) – Unseating an incumbent governor is...

Illinois Quick Hits: Ex-nonprofit exec sentenced for state, federal grant fraud

(The Center Square) – A former Chicago-area nonprofit executive...