To entice Illinois residents to purchase all-electric vehicles, a new rebate program has begun.
Beginning this Friday, anyone who purchases an electric car may qualify for a $4,000 state rebate on their purchase.
Additionally, buyers of electric motorcycles are eligible for a $1,500 incentive.
The initiative was established by the Climate and Equitable Jobs Act (CEJA), which was approved by the General Assembly and was signed into law by Governor Pritzker in the fall of 2021.
The programme excludes mopeds, off-road vehicles, hybrid electric, and extended-range electric vehicles that also include a conventional fueled propulsion system or auxiliary engine.
Automobiles that are leased or rented are not eligible for the return.
The car cannot have been the subject of a prior EV refund under Illinois’ new scheme.
Governor JB Pritzker declared that purchasing and operating an electric vehicle in Illinois has never been more inexpensive thanks to the state’s industry-leading incentive program.
“My administration is aware that the clean energy transition can only be as successful as it is practical. We are committed to making Illinois a leader in combating climate change and making sure no community is left behind, starting with these $4,000 refunds and continuing with our workforce development initiatives to assist coal areas transition into clean energy jobs.”
The vehicle must only run on electricity, be plugged into recharge, be licensed to operate on public roads and be exclusively powered and fueled by electricity.
Mopeds, off-road vehicles, hybrid electric, and extended-range electric vehicles that additionally include a traditional fueled propulsion system or auxiliary engine are not eligible for the program.
The following, among others, are the eligibility criteria for an EV rebate in Illinois:
When the car is purchased and when the rebate is provided, the buyer must be a resident of Illinois.
A dealer authorized by the Illinois Secretary of State to sell vehicles must be used to purchase the vehicle.
The refund is not applicable to leased or rented automobiles.
Under the new program in Illinois, the vehicle cannot have been the subject of an earlier EV refund.
The rebate cannot be for more than the cost of the vehicle.
Immediately following the date of the car purchase, the buyer must continue to be the owner of the vehicle for a minimum of 12 months.
Within 90 days after the date the car was purchased, the buyer must submit an application for the rebate.
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The required paperwork consists of an IRS W-9 or W-8 form, a copy of the purchase invoice, proof of purchase, the car registration, and other related items.
As mandated by CEJA, Illinois EPA will give low-income purchasers’ applications priority consideration and will offer rebates to those customers accordingly.
According to the U.S. Department of Health and Human Services, people and families who are considered low income have an annual income that is less than 80% of the state median income.
