So far based on what I’ve heard I don’t like the way the program is being structured for year 2.
They’re making EV buyers postpone purchases, which a Volkswagen dealer confirmed by telling me the average ID.4 buyer is surprisingly savvy so they’re waiting for the rebate.
Then it seems like the Hyundai broker deals I’ve seen available for pre-order with the rebate are somehow the same price or more as they were without the $5,000 rebate. I knew this would potentially happen, as some dealers will try to hold more profit because of the rebate (MSRP instead of invoice, which is already how the market is operating due to the current market conditions) or structure a deal so as to essentially pocket the rebate. Hyundai already oddly lets dealers keep lease rebates rather than forcing them to pass them on, so this would be easy to do by only passing on i.e. $2,500 of the $7,500 federal tax credit.
The point-of-sale structure only really works reliably well for Tesla buyers. There’s no negotiation regardless and it will be seamlessly provided at time of purchase.
Considering that the state wasn’t super satisfied with the amount of rebates being distributed to Tesla’s compared to other car brands they’re working against themselves here in my opinion.