The Oregon Department of Environmental Quality today announced it will temporarily suspend the Oregon Clean Vehicle Rebate Program as of May 1, 2023. Projections show the program will be oversubscribed in late spring 2023. Program rules require DEQ to suspend rebates once funds are depleted.
“DEQ has one of the most generous EV rebate programs in the country. It has been extremely successful, and 2023 rebate applications are coming in at our highest rate yet. People are choosing electric vehicles and rebates are instrumental in lowering the costs to Oregonians.” said Oregon DEQ Director Leah Feldon.
The program receives funds annually from the state’s Vehicle Privilege Tax . It covers all program costs, including rebates, program administration and community engagement. The Oregon Department of Revenue projects the program will receive about $14 million for 2023. Also, it was able to carry over approximately $3.5 million due to a one-time allotment of $15 million last year. Therefore, the 2023 budget was $17.5 million, with $15.5 million available for rebates. DEQ expects the fund to be depleted in the next few months, based on volume of EV sales.
If you buy or lease an eligible battery electric or plug-in hybrid electric vehicle or zero-emission motorcycle before May 1, you may still apply for a rebate . DEQ has created an Available Rebate Funding web page so applicants can see how much money is left for 2023. Once funds are depleted, eligible applications will go on a waiting list, to be paid once DEQ receives its next allotment in early 2024.
Electric vehicles purchased or leased after April 30, 2023, will not receive state rebates, but can still qualify for federal tax credits . They will not be placed on a waiting list for rebates at a later time.
“Other states look to the Oregon Clean Vehicle Rebate Program as a model. That’s because we understand transitioning to electric vehicles is an important part of the state’s overall climate plan to reduce emissions, promote cleaner air and improve public health,” said Director Feldon.
A variety of state agencies and public electric utilities offer savings on EV purchases or charging infrastructure. The Go Electric Oregon website lists available incentives and provides helpful information for potential electric vehicle buyers and lessees.
If you have any questions about the Oregon Clean Vehicle Rebate Program suspension, please contact email@example.com.
Source: Oregon Department of Environmental Quality