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California targets low-income borrowers with EV rebate change

Subprime consumers make up 1.9% of EV financing

Riley Wolfbauer

California is changing its EV rebate program income guidelines to target lower-income consumers and increase adoption rates.   The state is transitioning to the Clean Cars 4 All program from the Clean Vehicle Rebate Project to narrow the number of consumers who are eligible for EV rebates by lowering the qualifying income thresholds to focus […]

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