Wednesday, June 8, 2011
California Green Car Incentive Going Gangbusters
The rebate program in California offered to buyers of electric cars is nearly out of funds, the San Francisco Chronicle reports.
The Golden State gives up to $5,000 to green-car buyers, on a first-come, first-served basis. The Chronicle says so many have applied during the current fiscal year, however, that the program's $5 million annual funding will probably be used up before the next fiscal year begins in July.
The state will likely appropriate more funding next month, but car buyers will still probably have to be placed on a waiting list.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/06/07/BUOS1JQRCA.DTL#ixzz1OitBrDgM