SPRINGFIELD, Ailing. (WAND) — The Illinois Environmental Safety Company declares they are going to be opening a second spherical of funding by the Illinois Electrical Automobile (EV) Rebate Program.
Functions for the second funding spherical are being accepted beginning November 1 and should be postmarked on or earlier than January 31, 2023.
“Due to the Local weather and Equitable Jobs Act’s progressive rebate program, possession of an electrical automobile has by no means been extra attainable in Illinois,” stated Governor JB Pritzker. “The livelihood of our neighbors is dependent upon entry to reasonably priced, clear power expertise, and now Illinoisans have the prospect to play a vital position within the combat towards local weather change by buying an electrical automobile.”
“The Illinois EPA noticed quite a lot of curiosity in electrical automobile rebates within the first spherical, with greater than 2,000 purposes acquired and over $8.7 million issued in rebates,” stated Director Kim. “Electrical automobiles characterize the cleanest type of transportation out there in the present day, decreasing unstable natural compounds and different greenhouse gases. We proceed to encourage residents to reap the benefits of this rebate program, which additionally offers an environmental profit for our state.”
Eligibility necessities for an EV rebate in Illinois embrace, however should not restricted to:
- The rebate software should be postmarked inside 90 days of the automobile buy date AND the rebate software should be postmarked on or earlier than the tip of the rebate cycle, January 31, 2023.
- The purchaser should reside in Illinois at time of auto buy and on the time the rebate is issued.
- The automobile should be bought from a supplier licensed by the Illinois Secretary of State.
- Rented or leased automobiles don’t qualify for the rebate.
- The automobile can’t have been the topic of a earlier EV rebate beneath this new program in Illinois.
- People can’t have been the recipient of a earlier EV rebate beneath this new program in Illinois.
- The rebate quantity can’t exceed the acquisition value of the automobile.
- The purchaser should retain possession of the automobile for no less than 12 consecutive months instantly after the automobile buy date.
- Documentation necessities embrace a replica of buy bill, proof of buy, automobile registration, and IRS W-9 or W-Eight types.
Following the primary spherical of funding and as required beneath CEJA, the Illinois EPA will probably be prioritizing the evaluate of purposes from low-income purchasers and award rebates to purchasers accordingly.
In accordance with the U.S. Division of Well being and Human Companies, low earnings is outlined as individuals and households whose earnings doesn’t exceed 80 % of the State median earnings.
Candidates are inspired to totally evaluate the Utility, Directions, and Often Requested Questions doc previous to submitting their software to keep away from delays in processing.
The IEPA recommends these looking for receipt affirmation to ship their software and help doc by way of licensed mail.
Illinois residents that buy an all-electric passenger automobile inside 90-days of a funding spherical are eligible to use for a rebate beneath Illinois’ EV Rebate Program. The next rebate quantities have been set forth in statute:
- A $4,000 rebate for an all-electric automobile. Be aware: The automobile should be solely powered and refueled by electrical energy, plugged in to cost, and licensed to drive on public roadways. Electrical mopeds, electrical off-highway automobiles, hybrid electrical or prolonged vary electrical automobiles which can be additionally outfitted with typical fueled propulsion or auxiliary engines should not eligible beneath this system.
- A $1,500 rebate is accessible for the acquisition of an all-electric bike.
After the applying interval closes, rebates will probably be issued to eligible candidates primarily based on funding availability.