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Oregon Offers Hefty Electric Car Rebates (Up to $2500)

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author photo by Lindsay Martell July 2017

California may be the nationwide leader in offering incentives for electric-car purchases, but Oregon is hot on its heels. The Beaver State will soon be giving hefty rebates for EV purchases. The money-back program is part of a huge $5.3 billion transportation funding package that was passed earlier this month by the Oregon Senate and House.

Cost Savings Rule

According to Green Car Reports, the rebate program will get about $12 million a year for six successive years, and will only apply to vehicles whose base price is under $50,000. Cars with batteries of up to 10 kilowatt-hours (most all plug-in hybrids on the market today except the Chevrolet Volt) will snag a $1,500 rebate. Those with heftier batteries will get the full $2,500.

Beyond that suite of rebates, an additional fund is zeroing in on giving an additional $2,500 to incentivize low- and moderate-income drivers who replace an old car (at least 20 years old) with a new or pre-owned electric car. The new rebate can be combined with the standard purchase rebate to give up to $5,000 off the cost of that new or used electric vehicle, meaning a pre-owned Nissan Leaf might now be $5,000 less for qualifying drivers.

Package Details

The transportation funding package phases in added-on fees for registering and titling electric cars, though these don't take effect until 2020, when more plug-in vehicles will be seen in the state. Those fees are expected to total approximately $110 a year.

Electric-car enthusiasts aren't the only ones who will benefit from the program. The new funding package also includes $100 million a year for mass transit. Oregon is known for its stellar mass-transit systems and innovative transportation strategies.

Oregon Governor Kate Brown, a long-time electric vehicle supporter, is expected to sign the transportation-funding bill soon.

This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
Oregon Offers Hefty Electric Car Rebates (Up to $2500) - Autotrader