Provides updated data characterizing the influence of the federal tax credit on California EV consumers rebated by the state for calendar-year 2022 purchases/leases through August 16 (after which eligibility criteria based on final assembly location were implemented).

Among the 2022 consumers examined:

• 57% of rated the federal tax credit (FTC) “extremely important” (i.e., were “FTC Extremes”)
  • All-time high
• FTC Extreme Importance increased for most groups (as did state rebate importance)
• Both FTC “Extremes” and “Essentials” (who would not have purchased without the FTC):
  • Relatively steady over time
  • Higher for purchases than leases
  • Counterintuitively lower for lower-income Increased Rebate Recipients
  • High across all MSRP levels (data capped at $60k)