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Wednesday, 29 June 2022 12:56

Rhode Island’s EV Rebate Program to Start July 7

Written by Melanie DaSilva, WPRI 12 News

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There are new incentives coming for Rhode Islanders who want to switch to electric vehicles.

Gov. Dan McKee announced the state’s new electric vehicle (EV) rebate program, “DRIVE EV,” will begin July 7.

 

“Rhode Island is a national leader in clean energy innovation and we’re ready to build on our momentum to maintain that lead,” McKee said. “My administration is committed to making additional investments to improve the quality of our air and water and expand access to affordable and sustainable clean energy solutions.”

 

DRIVE EV offers rebates of up to $2,500 for those who buy or lease battery or fuel-cell EVs, and up to $1,500 for new plug-in hybrid EVs. Rebates of up to $1,500 will be available for used EVs.

 

For qualified small businesses, nonprofits and public sector entities, DRIVE EV FLEET will provide rebates of up to $2,500 for new EVs and $1,500 for used EVs. Fleets can also get an additional $1,000 rebate based on the location.

 

“These rebates will help reduce the cost of electric vehicles for consumers, with additional incentives available for those with lower incomes, making EV ownership more affordable to a greater number of Rhode Islanders,” McKee added. “Electric vehicles also help reduce carbon and other harmful emissions in our neighborhoods. Slashing greenhouse gasses is not just the right thing to do for the environment---it is also the right thing to do for our economy.”

 

The program was first announced in mid-March when gas prices were starting to soar. After topping $5 per gallon earlier in June, the cost of gasoline in Rhode Island has fallen for the second straight week to an average of $4.90.

 

“With the summer travel season in full swing and gas prices rising, access to affordable electric vehicles is critical for Rhode Islanders and small businesses,” Lt. Gov. Sabina Matos said. “Electric vehicle ownership will improve our quality of life by cutting carbon emissions and improving the air quality in our neighborhoods.”

 

According to the R.I. Department of Revenue, electric vehicle registrations have been on the rise in the state since 2017. A multi-agency report in 2021 showed...


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