The Expert Podcast

Wait, you can actually get somebody to pay you twenty-seven thousand dollars to buy an EV? Is that true? Well, apparently it is. In the state of California, there is a program where the state will incentivize you twenty-seven thousand dollars to buy an electric vehicle. Now, according to the article, it might be a little tricky to apply, but I don't care how tricky it is. If you're getting twenty-seven thousand, even if it takes you two hours to figure out the paperwork, it's worth doing. So what's the catch?

The way the program works, according to the documents we've seen, is that you have to make less than one hundred and fifty thousand dollars a year. They call it "low income," but you can actually get money up to one hundred and fifty thousand dollars a year. The vehicle you buy also has to be worth less than seventy thousand dollars. So you can't be buying, you know, a $150,000 Ford Lightning. You have to buy a vehicle that costs seventy thousand or less. But according to the documentation, if your income is less than one hundred and fifty thousand dollars, and your income is under seventy-five thousand, you're in—well, that’s for a used EV. Your income has to be less than seventy-five thousand for used EVs.

But here's the thing: you can do this with a used electric vehicle. And it's something that you get to pick, which car you want—they don’t choose the car for you. Part of the reason it's confusing is that it's a combination of different programs. It’s a program from the state, it’s a program from your utility company, and your local government adds up to twenty-seven thousand. So, you have to put together a package, just like you'd apply for any kind of grant or scholarship to do all this.

But again, for twenty-seven thousand dollars, it’s worth going through the process and jumping through hoops to get a car—if it’s an electric vehicle or any other kind of vehicle. It’s worth getting somebody to pay twenty-seven thousand dollars of your car expense in order to save money. So, check out the links below the video to get more information about it, and put some comments in the chat to let us know what it would take for the government to pay you to switch over to an electric vehicle.