Recently Oregon DEQ reopened the state’s popular EV rebate for a limited period starting this month. You can receive a rebate of up to $7,500 on purchases of eligible vehicles made between April 3 and June 3, 2024. I had the opportunity to sit down this month with EV expert, Jeff Allen, Executive Director at Forth, to explain how Oregonians can take advantage of this rebate and combine the state incentives with the federal incentives, which were improved under the Inflation Reduction Act.
These savings are significant. As Jeff explains, an eligible buyer looking to get a used EV could receive $5,000 from the state rebate program and $4,000 from the federal program, for a total of $9,000 to be applied as a discount at the time of purchase. That’s close to half the sticker price for a three-year-old Chevy Bolt.
You can watch the video I recorded with Jeff on my YouTube channel for tips about how to take advantage of these savings. For more information on other federal incentives on clean energy appliances and home energy efficiency upgrades, you can visit the resource page on my website. |