Under the new program, Washington residents earning up to $45,180 annually for a single person or $93,600 for family of four, are eligible to receive up to $9,000 for a new EV lease of three years or more, or up to $5,000 for new EV purchases or two-year leases. Used EVs are also eligible for a $2,500 rebate on both purchases and leases.
Apparently, This makes $0 down leases of:
$127/month for Model 3
$207/month for Model Y
Wonder what a bZ4x lease would look like.
This is on top the state sales tax waiver ($25k tax free on new, $15k on used).
WA also offers a tax waiver EVs, which applies only to new cars valued at $45,000 or less, or used that run $30,000 or less.
That seems like an unrealistically low cap with the exception of the rain shadow counties. Even then it’s probably marginal in terms of actual affordability.
45K is basically living on life support for a single along the i5 corridor in WA where these cars have highest take rates, 94K is ludicrous for a family of 4.
the trick is… some pretty wealthy people make less than 94k a year… so I totally expect hackers with these rebates on this forum unless they put a net wealth provision there or the cap on the MSRP.
Both numbers for single and HH of 4 seem to be 2x the WA Food Stamp guidelines for monthly income.
As was said with the exception of the most rural counties in WA this is unrealistically low when you realize how expensive living in WA is on the whole. Add a charger/insurance and this seems to be a bit misguided?
Median household income in Seattle is around $120k – only below the Bay Area. It will apply to very few people in Western Washington – where most of the EVs are sold.
Actually this is good for college students. Or find family members who’s income is low for that year. If you want to buy.
Also, $96k is more than the median household income in Washington state. Getting a lease of less than $100/month is great for such a household or even $0/month if they are able to hack it.
I mean, it is the third highest median household income in the country so makes sense. Still about 40-45% of households even in Seattle should qualify.
Don’t know exactly what percentage of households would qualify, but a household under $96k in WW probably shouldn’t be purchasing an average-priced new EV. With that said, in reality it’s probably only applicable for a very small percentage of people, like qualifying retirees with disposable income or college students, who you mentioned earlier.
