Illinois

Illinois launches electric vehicle rebate program, offering up to $4K for EV purchase

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2 years ago

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CHICAGO (WLS) — A brand new rebate program has opened to encourage Illinoisans to purchase all-electric autos.

Beginning Friday, anybody who buys an electrical automobile can apply for a $4,000 rebate from the state for his or her buy.

There’s additionally a $1,500 rebate accessible for individuals who purchase electrical bikes.

Rising electrical automobiles in Illinois, lowering emissions

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This system was created underneath the Local weather and Equitable Jobs Act (CEJA) handed by the Common Meeting and signed by Governor Pritzker within the fall of 2021.

“With our nation-leading rebate program, it is by no means been extra reasonably priced for Illinois residents to purchase and drive an electrical automobile,” mentioned Governor JB Pritzker. “My administration understands that the clear vitality transition is barely as efficient as it’s accessible. From these $4,000 rebates to our workforce improvement packages to assist coal communities transfer into clear vitality jobs, we’re laser-focused on making Illinois a pacesetter in addressing local weather change and guaranteeing no group is left behind.”

To be eligible for a rebate, the automobile have to be completely powered and refueled by electrical energy, plugged in to cost, and licensed to drive on public roadways. Electrical mopeds, electrical off-highway autos, hybrid electrical or extended-range electrical autos which can be additionally outfitted with typical fueled propulsion or auxiliary engines will not be eligible underneath this system.

Eligibility necessities for an EV rebate in Illinois embrace, however will not be restricted to:

  • The purchaser should reside in Illinois at time of auto buy and on the time the rebate is issued.
  • The automobile have to be bought from a vendor licensed by the Illinois Secretary of State.

  • Rented or leased autos don’t qualify for the rebate.

  • The automobile can not have been the topic of a earlier EV rebate underneath this new program in Illinois.

  • The rebate quantity can not exceed the acquisition value of the automobile.

  • The purchaser should retain possession of the automobile for no less than 12 consecutive months instantly after the automobile buy date.
  • The purchaser should apply for the rebate inside 90-days after the automobile buy date.

  • Documentation necessities embrace a replica of buy bill, proof of buy, automobile registration, and IRS W-9 or W-8 types.

    • As required underneath CEJA, Illinois EPA will prioritize the overview of purposes from low-income purchasers and award rebates to purchasers accordingly. Low revenue is outlined as individuals and households whose revenue doesn’t exceed 80 p.c of the State median revenue, as established by the U.S. Division of Well being and Human Providers.

    MORE ON ELECTRIC VEHICLES

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    Functions are being accepted by means of the top of September.

    To use, go to https://www2.illinois.gov/epa/matters/ceja/Pages/Electrical-Automobile-Rebates.aspx.

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