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Presentation: “Updated Funding Need, Program-Change Scenarios, and other Planning Considerations”

Presentation given to the third CVRP Workgroup meeting for 2019–20 Funding Plan development (April 4, 2019).

  • Updates previous estimates of the rebate funding needed: to fill the expected shortfall this funding year, for the next three funding cycles, and to reach five million electric vehicles sold in California.
  • Estimates that over $188 B of private investment in vehicle costs may accompany the public investment in rebates for five million EVs
  • Updates and supplements analysis of potential program-changes, including: cost-effectiveness metrics, additional scenarios, and the effect of different program-change implementation dates
  • Provides additional contextual information related to trends in purchase prices, average lease rates, and Rebate Essentiality.