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Though federal EV incentives for consumers are gone, as I’ve written recently, California, Colorado, New Jersey, Massachusetts, and Rhode Island still have EV incentives. Add another to the list of US states that have them: New York.
The state of New York has a rebate program that provides up to $2,000 for the purchase or lease of an electric vehicle. It works a little differently from some other state EV incentive programs with a focus on the vehicle’s retail price and all-electric range.
- Greater than 200-mile range: $2,000 rebate
- 40- to 199-mile range: $1,000 rebate
- Less than 40-mile range: $500 rebate
- MSRP greater than $42,000: $500 rebate.
The rebate is point-of-sale and is applied for by the participating dealership. Over 60 EV models are eligible for the rebates.
The Nissan LEAF, with a price point of $29,990, is eligible for the $2,000 rebate, putting the post-incentive price at just $27,990. This vehicle at such a low price could be a great deal for some drivers. It’s actually less than the Toyota Prius Plug-in Hybrid (PHEV), which is $32,775 after the $1,000 rebate.
The Chevy Equinox EV is also eligible for the $2,000 rebate, as is the Ford Mustang Mach-E (73 kWh). The Hyundai IONIQ 6 (53 kWh) is as well if you prefer a sedan, and so is the Kia Niro EV.
There is something a little perplexing about the listing for the Tesla Model 3, which has a shown price of about $42,400. A decontented Model 3 should be about $38,000. At over $42,000, the rebate is just $500, but if the price is under $40,000, the rebate is $2,000. On the Tesla website, the Tesla Model 3 Standard is under $40,000. If I was a New York state resident and wanted a new decontented Model 3, I would ask the Drive Clean Rebate program staff about this issue.
Many of the eligible EVs have prices over $42,000, so the rebates are just $500 for them.
While some online critics, haters and trolls like to repeat the outdated misinformation that all EVs “cost too much,” there are now multiple electric vehicles that are affordable, and also have plenty of range. It’s 2025, not 2015.
The average price of a new vehicle in the US is now about $50,000. There are several new EV models that cost far less than this.
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