The Texas Commission on Environmental Quality has announced details of the state’s new alternative fuel vehicle rebate program. The state will offer $2,500 for the purchase of light duty vehicles powered by electricity, compressed natural gas (CNG), or propane. Consumers can also receive up to $2,500 for leasing these vehicles. In order to get the full rebate, however, the lease must be at least 4 years. Shorter leases are eligible for lesser rebates.
Authorized by the Texas State Legislature last year, the program is relatively modest. The program will last until June 2015 or until the $7.7 million in funding is exhausted; whichever comes first. The maximum number of vehicles allowed in the program is 2,000 electric vehicles and 2,000 propane or CNG vehicles.
The rebates could be combined with other incentive programs including federal electric vehicle incentive programs. In order to be eligible, the vehicle must be purchased through a franchised dealer in the state of Texas. If the vehicle is purchased from an out-of-state dealer or directly from the manufacturer it will not be eligible for the rebate program. That means would-be Tesla owners will not be eligible for rebates since the Tesla sales model doesn’t include franchised dealers.
To Apply for the Rebate Call 1-800-919-TERP.