Get going, Oregonians. Time's running out.
Oregon has some of the best incentives for buying an electric vehicle in the country. Buyers are able to receive up to $7,500 back from the state if they qualify for two separate rebates. Unfortunately, this generous rebate program is running out of money, so the state has decided to pause it beginning May 1., which consists of two possible rebates. The standard rebate is available to all Oregonians who purchase an EV under $50,000 and is worth $2,500.
Combined, both rebates match the federal government's current tax credit program that also offers a $7,500 incentive for eligible EV buyers. Combined, buyers can get up to $15,000 off the eligible EV of their choice.reports the state has dispersed more than $71 million over five years through the program, and it's almost out of cash.
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