After Gov. Schwarzenegger signed into law California’s Clean Vehicle Rebate Project (CVRP), the Governator took a tour of electric vehicle companies in the Golden State. The new law lops $1,500 off the sticker price off an electric motorcycle for California residence, which in many cases means over 15% off the sticker price.
Taking a look at both Zero Motorcycles and Mission Motors, Gov. Schwarzenegger made endorsing comments about the two companies and how they are allowing California to take the lead in the emerging electric vehicle markets.
CVRP has put up a website that breaks down all the vehicles that are eligible for the rebate from the State of California. Right now only the Zero S & Zero DS are listed. While the Mission One isn’t shipping yet, we’re not quite sure why the Brammo Enertia is absent from the rebate list. The CVRP is funded with $4.1 million, and rebates will be on a first-come first-serve basis.
After getting aquanted with Zero Motorcycle’s product range, Gov. Schwarzenegger said that “Zero electric motorcycles are very important technology and this is great for California because this is an ideal place to ride motorcycles.” He continued with, “I love the financial side of these motorcycles because they cost less then one cent per mile to operate and you get a 10% federal tax credit plus a California rebate of $1,500. That equates to a 25 percent price reduction making these electric motorcycles affordable for anybody.”
Coupled with Federal tax credits (10%) and with this new rebate in place ($1,500), California residence can enjoy a Zero S for only $7,495, which is 25% off the $9,995 MSRP.
Photo by Eva Kolenko