Eligible and qualified residents in Illinois will be given an amount of $4,000 as part of the Electric Vehicle Rebate Program.
$4,000 in Rebates in Illinois
Residents in Illinois who purchased electric vehicles can receive an amount of up to $4,000 under the Electric Vehicle Rebate Program. The Illinois Environmental Protection Agency oversees the program and said it anticipates that available funds will be depleted before the application ends.
In a published article in The U.S. Sun, anyone who owns an electric vehicle is encourage to apply for the rebates. The application started on November 1 and will end on January 31, 2024. However, the low-income households will be prioritized.
According to a published article in NBC Illinois, potential recipients of $4,000 rebates must met the following:
- The purchaser must reside in Illinois at time of vehicle purchase and at the time the rebate is issued.
- The vehicle must be purchased from a dealer located in Illinois and licensed by the Illinois Secretary of State. Rented or leased vehicles do not qualify for the rebate.
- The vehicle cannot have been the subject of a previous EV rebate under this program in Illinois.
- Only individuals can receive a rebate and can only receive one rebate. Businesses, government units, organizations, and other entities that are not individuals will be denied a rebate.
- The rebate amount cannot exceed the purchase price of the vehicle.
- The purchaser must retain ownership of the vehicle for a minimum of 12 consecutive months immediately after the vehicle purchase date.
- The purchaser must apply for the rebate within 90 days after the vehicle purchase date.
Furthermore, those who owned all-electric motorcycle will receive a $1,500 rebate.