As part of a last-minute $900 million cap-and-trade revenue allocation deal, $133 million in new funding for the state’s clean energy vehicle program has been approved by the Californian legislature and Governor Jerry Brown, according to recent reports.
This is good news for those who thought it prudent to put their names on the waiting list for the program, despite it being out of funds as of late. There are changes being made to the program in conjunction with the new funding that may affect some people, though. In particular, eligibility will be limited to those who have an income below $150,000 (single filers) or $300,000 (joint filers). The previous limits were $250,000 for single filers, and $500,000 for joint filers.
The changes will go into effect on November 1st, according to the Department of Finance.