Washington State’s 2024 Instant EV Rebate

July 31, 2024

Washington State’s 2024 Instant EV Rebate: Affordable Electric Vehicles for Eligible Residents

Washington State is launching an exciting initiative to help lower-income residents transition to electric vehicles (EVs): the 2024 Instant EV Rebate Program. Starting August 1, 2024, this program aims to make EVs more affordable for Washington residents who meet specific income requirements. Here’s what you need to know if you’re considering an EV purchase or lease from Dick Hannah Dealerships in Vancouver, Washington.

Key Details of the Program

Program Duration and Budget

Dates: August 1, 2024 – May 31, 2025 (or until funds are exhausted)

Budget: $44,725,000

Rebate Amounts

New EV Lease (3 years or longer): $9,000
New EV Lease (Less than 3 years): $5,000
New EV Purchase: $5,000
Used EV Purchase/Lease: $2,500

Eligibility Requirements

For Vehicles:

Must be a fully battery electric four-wheel passenger vehicle.
Total cash price, including all options, must be under $90,000.
Gross Vehicle Weight Rating (GVWR) must be under 10,000 lbs.
The vehicle must have been originally manufactured as an EV (no conversions).

For Customers:

Must be a Washington resident.
Must register the EV with the Washington Department of Licensing for personal use at a residential address in Washington.
Household income must be at or below 300% of the federal poverty level (e.g., $93,600 for a family of four). https://www.healthcare.gov/glossary/federal-poverty-level-fpl/

How to Qualify and Apply

At the Dealership:

Customers will need to complete a Customer Eligibility Form (CEF)
Provide a copy of their driver’s license.
Ensure that the name on the driver’s license, CEF, sale/lease agreement, and registration application matches.

Dealer’s Role:

Dealers provide the rebate as a discount at the point of sale.
Note the discount as a line item on the sale or lease agreement.
Submit a claim for reimbursement within two weeks of the sale/lease.

Stacking Rebates

The state rebate can be combined with federal tax credits, state sales tax exemptions, and other automaker rebates if available. This can significantly reduce the cost of your new EV.

Important Considerations

Retroactive Rebates:

The rebate is not available for EVs purchased before the program’s start date.
Credit Scores: No specific credit score is required to qualify for the rebate. However, lease and purchase terms will depend on your credit score.

Governor’s Statement

Governor Jay Inslee highlighted the significance of the 2024 Instant EV Rebate Program by stating, “With these new rebates, we’re significantly lowering the entry point, opening the door to EVs for people of modest incomes as we continue paving the way to a clean transportation future for all. This program aims to make electric vehicles more affordable for lower-income residents of Washington State.”

Get Ready to Go Electric!

Dick Hannah Dealerships in Vancouver, Washington, is proud to participate in this program, helping you take advantage of these significant savings. Visit us today to explore our range of eligible EVs and find out how you can benefit from the 2024 Washington State Instant EV Rebate. Let’s drive towards a cleaner, greener future together!

For more details, you can visit the Washington State Department of Commerce’s EV Rebate Program page. https://www.commerce.wa.gov/growing-the-economy/energy/electric-vehicles/ev-instant-rebate-program/

To browse our inventory of Electric Vehicles from our dealerships

Ready to make the switch? Contact us today or stop by our dealership to learn more and take your new EV for a spin! Need to learn more before taking the drive, check out our EV Hub!