Washington State Offers Up to $9,000 in Instant EV Rebates Starting August 2024

May 15, 2024
2 mins read
Washington EV Rebates
Washington EV Rebates

If you live in Washington state and are considering buying an electric vehicle, making the switch to electricity has become much more financially attractive. The state has just announced a series of rebates of up to $9,000 for new electric cars for qualifying applicants, which can be applied in addition to existing federal discounts of up to $7,500.

Washington’s new instant rebate program for electric vehicles, launching in August 2024, has been funded until June 2025. The state estimates that during this period, it will offer rebates to up to 8,000 electric vehicle drivers, aiming to support low-income residents who typically cannot afford a new car. The instant rebates, ranging from $2,500 to $9,000, can be applied directly at the time of purchase or lease by a dealer; similar to federal tax returns, there is no need to wait until tax time to apply for them.

Understanding Washington’s New EV Rebates

The new state rebates cover new and used battery electric vehicles, which have an MSRP of $90,000 or less. For new electric vehicles, the rebate is $5,000 for purchase or a two-year lease. For a three-year lease of a new electric vehicle, the rebate is $9,000. For used electric vehicles, $2,500 is available for purchase or a lease of two or three years.

With such attractive terms for a three-year lease, the state of Washington has posted lease payment examples for some selected electric vehicles on its Department of Commerce website. Using the $9,000 rebate as a down payment and combining it with the federal EV rebate and manufacturer discounts, where applicable, the monthly payments for some electric cars have been reduced to less than $150 per month. For instance, the Toyota bZ4x is $56, the Hyundai Kona is $78, the Nissan Leaf is $87, the Hyundai Ioniq 6 is $93, the Subaru Solterra is $123, and the Kia Niro Wind is $135.

Eligibility Criteria for Washington’s EV Rebates

With a focus on enabling electric vehicle ownership for the state’s low-income residents, not everyone is eligible for Washington’s electric vehicle rebates. It will be available to state residents earning 300 percent or less of the federal poverty level as household income, or $93,600 a year for a family of four. The rebate program, while available to all Washington residents who meet the income requirements, will focus its outreach on communities most affected by vehicle pollution and workers who drive more than 19,000 miles a year for work.

How to Apply for the Rebate

The Washington Department of Commerce is finalizing a contract with an experienced clean energy rebate program administrator to run the new electric vehicle rebate program. The program will reimburse dealers who offer the rebate as a discount at the point of sale to qualifying electric vehicle buyers, making it easier to obtain the rebate. The state states that the rebates should not require pre- or post-purchase applications. These new electric vehicle discounts in Washington will be available starting in August 2024.

Similar Posts

Combining State and Federal Benefits

Gasoline cars continue to reign in the United States and around the world. Changing the habit of their use for more than a century to electric vehicles (EVs) has not been an easy task, despite flooding climate change campaigns. Different levels of government, from federal to local, have generated various initiatives to promote the purchase of EVs. And now, one state in the country promises to refund you up to $9,000 if you choose to buy one of these planet-friendly cars.

The Washington government seeks to incentivize the purchase of electric vehicles (EVs) through the Washington EV Instant Rebate program. The initiative would provide a tax rebate of up to $9,000 for all buyers of a new or used electric car, as long as they meet a series of requirements. This rebate can be combined with the federal tax benefit of up to $7,500, as long as you meet the requirements established by the United States government. In total, you could receive a tax benefit of up to $16,500 in Washington if you combine both incentives.

Tejal Somvanshi

Meet Tejal Somvanshi, a soulful wanderer and a staunch wellness advocate, who elegantly navigates through the enchanting domains of Fashion and Beauty with a natural panache. Her journey, vividly painted with hues from a vibrant past in the media production world, empowers her to carve out stories that slice through the cacophony, where brands morph into characters and marketing gimmicks evolve into intriguing plot twists. To Tejal, travel is not merely an activity; it unfolds as a chapter brimming with adventures and serendipitous tales, while health is not just a regimen but a steadfast companion in her everyday epic. In the realms of fashion and beauty, she discovers her muse, weaving a narrative where each style narrates a story, and every beauty trend sparks a dialogue. Tejal seamlessly melds the spontaneous spirit of the media industry with the eloquent prose of a storyteller, crafting tales as vibrant and dynamic as the industry she thrives in.

Leave a Reply

Your email address will not be published.

Omega 1 Engine
Previous Story

Astron Aerospace’s Omega 1 Engine: Could This Be the Renaissance of Internal Combustion?

The sky’s the limit for Hysata ✈️ Our team recently took to the skies to capture stunning aerial shots of our state-of-the-art 8000m2 factory in Port Kembla. Photo Credit: Hysata (X formerly Twitter)
Next Story

Australian Start-Up Boosts Hydrogen Production Efficiency to 95% with Capillary-Fed Electrolysis

Latest from News

Don't Miss

Airthium team with their HEAT PUMP TECHNOLOGY

Airthium’s Quest for 250 Degrees in Decarbonised Industrial Heat Pumps

Hello Tomorrow, the flagship event for French deep