Presentation: “Updated Funding Need, Program-Change Scenarios, and other Planning Considerations”
April 4, 2019
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.