New York has announced changes to the state’s electric vehicle (EV) rebate program last week, that would effectively lower eligible vehicle MSRP to $42,000 beginning June 30, 2021.
The program says, “Governor Andrew M. Cuomo’s Charge NY initiative is offering electric car buyers the Drive Clean Rebate of up to $2,000 for new car purchases or leases. Combine that with a Federal Tax Credit of up to $7,500, and it’s an opportunity you wouldn’t want to miss.”
For Tesla vehicles, the Model 3 qualifies for a $2,000 rebate, the Model S and X at $500, and the Model Y Performance at $500. While the Model Y Long Range is listed at $2,000, the newly lowered MSRP of $42,000 means this particular car now only gets a $500 rebate. The Model Y Long Range starts at $51,490 USD.
Tesla Model Y Delivery Date for Europe Now Shows ‘End of 2021’ https://t.co/zVP4vZX1i4
— TeslaNorth.com (@RealTeslaNorth) April 27, 2021
While the decision won’t affect the Tesla Model 3, as its price was recently increased to a base MSRP of $38,990 for the Standard Range Plus, Model Y owners in New York should take the rebate change into account before the June 30, 2021 deadline, when the new EV rebate program will begin.
The press release from New York Governor Andrew Cuomo also announced an additional $30 million being added to the state’s Drive Clean Rebate program, despite the lowered MSRP threshold.
So far, over 37,000 EV rebates have been issued from over $54 million in funding from the New York State Drive Clean Rebate program.
Zachary Visconti is a writer with a knack for electric vehicles, technology, and climate change. Currently residing in Fort Collins, Colorado, Zach loves his partner, his cat, and a good cup of coffee.