New York State EV Rebate Program Overview for Dealers

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1 New York State EV Rebate Program Overview for Dealers Patrick Bolton, Senior Project Manager, NYSERDA Betsy McDonald, Project Manager, CSE March 2017

2 Introduction Part of Governor Andrew M. Cuomo s ChargeNY initiative Reduce harmful emissions and the transportation sector s dependence on petroleum Accelerate deployment of zero emission vehicles (ZEVs - PHEVs, BEVs, and FCEVs) Help New York State (NYS) meet clean energy goals 2

3 Introduction Presenters: Patrick Bolton, Senior Project Manager, NYSERDA Betsy McDonald, Project Manager, CSE Objective: Introduce NYS new car dealers to rebate for electric vehicles 3

4 4 Ground Rules Phones are muted Submit questions in chat box Presentation will be ed to attendees

5 5 Agenda Introduction Overview Eligibility Dealer Enrollment Rebate Application Process Required Documents Rebate Payment Resources Additional Incentives Next Steps Q&A

6 Overview 6

7 Overview Program has not launched Dealers can sign up now in advance of launch Please do not distribute information outside of your organization 7

8 Overview Run by NYSERDA Administered by CSE Phone:

9 Overview Point-of-sale (POS) rebate program Reduces cost of purchasing or leasing eligible zero- or low-emission vehicles For NYS residents, businesses and government entities Vehicles purchased prior to program effective date are not eligible 9

10 Overview Multimillion dollar rebate budget Funds expected to support the program for several years Online, real time budget tracker 10

11 Overview To participate, dealers: Enroll in the program Reduce vehicle price by the full amount of the rebate at the point-of-sale Apply for the rebate online within 60 days of vehicle delivery to the customer Receive payment 11

12 Program Eligibility Dealers 12 Registered with NYS DMV as new car dealership Offer one or more eligible vehicles for purchase or lease Enroll to become an authorized program dealer

13 Program Eligibility Vehicle Purchasers 13 NYS resident, registered/licensed business, government entity Purchase or lease a new vehicle from a participating dealer Own or lease the vehicle for at least 36 months Agree to Vehicle Purchaser Terms and Conditions

14 Program Eligibility Vehicles 14 New (never sold or registered), unmodified Four-wheeled, highway-capable, light-duty PHEVs, BEVs, and FCEVs Drivetrain covered by OEM warranty Purchased/leased on or after the program effective date Eligible vehicle list available online when program launches

15 Program Eligibility Rebates 15 Based on EPA all-electric range Electric Range (miles) Rebate Levels Less than 20 $ to 39 $1, to 119 $1, and Greater $2,000 Greater than $60K MSRP $500

16 Program Eligibility Eligible PHEVs Make and Model Model Year EPA All- Electric Range Base MSRP Rebate Audi A3 e-tron $37,900 $500 BMW 330e iperformance $43,700 $500 BMW i $140,700 $500 BMW X5 xdrive40e $62,100 $500 BMW i3 REx $46,250 $1,700 Cadillac ELR $65,000 $500 Cadillac ELR Sport $65,000 $500 Chevrolet Volt $33,170 $1,700 Ford C-MAX Energi $31,770 $500 Ford C-MAX Energi $27,120 $1,100 Ford Fusion Energi $33,900 $500 Ford Fusion Energi $33,120 $1,100 Hyundai Sonata Plug-in Hybrid $34,600 $1,100 Kia Optima Plug-in Hybrid $35,210 $1,100 Mercedes-Benz GLE550e $66,300 $500 Mercedes-Benz S550e $95,650 $500 Porsche Cayenne S E-Hybrid $77,200 $500 Porsche Panamera S E-Hybrid $96,100 $500 Toyota Prius Prime $27,100 $1,100 Volvo XC90 T $68,100 $500 16

17 17 Program Eligibility Eligible BEVs Make and Model Model Year EPA All-Electric Range Base MSRP Rebate BMW i $42,400 $1,700 Chevrolet Bolt $36,620 $2,000 Ford Focus Electric $29,170 $1,700 Kia Soul EV $31,950 $1,700 Mercedes-Benz B250e $41,450 $1,700 Mitsubishi i-miev $22,995 $1,700 Nissan LEAF $29,010 $1,700 smart electric fortwo coupe $25,000 $1,700 Tesla Model S $69,900 $500 Tesla Model X $74,000 $500 Volkswagen e-golf $28,995 $1,700

18 Dealer Enrollment 18 One-time, online application Visit nyserda.ny.gov/ev Dealer Sign Up Provide company information, EIN Enter contact info Enter DMV facility number Provide list of offered eligible EVs Agree to terms and conditions

19 Dealer Enrollment 19 Reviewed by program staff Upon approval, eligible to participate s to expect: Notification of approval EFT signup Login credentials for dealer web portal Program launch update

20 Dealer Enrollment Hard copy consumer materials mailed free of charge once the program launches Program poster 5 Reasons to Buy an EV Rebate Overview 20 Need more? us NYevrebate@energycenter.org

21 Rebate Application Process Online submission within 60 days of vehicle delivery to the customer Login to dealer portal Enter customer information Funding reserved at Step 3 (vehicle info) 10 days to upload documents and complete application CSE reviews, contacts dealer with questions Once approved, dealer paid via live check or EFT 21

22 Rebate Application Process 22

23 Step 1 Customer Info 23

24 Step 2 Vehicle Selection 24

25 Step 3 Vehicle Information 25

26 Step 4 Dealer T s and C s 26

27 Step 5 Application Review 27

28 Step 6 Upload Documents 28

29 Step 7 Submit! 29

30 Rebate Application Process Possible reasons for rejection: Vehicle Purchaser is not eligible Vehicle is not eligible For leases, lease term is less than 36 months Rebate application is not submitted within 60 days of delivery Vehicle transaction occurred before program start Rebate was not passed to the Vehicle Purchaser See the Implementation Manual for full requirements 30

31 Required Documents 31 DMV Form MV-50 DMV Form MV-82 Signed Final Buyer s Order Must show rebate passed to consumer Vehicle Purchaser Terms & Conditions For individuals, include NYS Driver License

32 Required Documents MV-50 32

33 Required Documents MV-82 33

34 Required Documents Final Buyer s Order 34

35 Required Documents Consumer T s & C s 35 Include NYS residency documentation for individuals Include NYS domicile address for non-individuals

36 Rebate Payment 36 Rebates issued to dealers via electronic funds transfer (EFT) or check Dealers can elect EFT after enrollment Payment within 30 days of application approval

37 37 Training Resources On-demand resources Instructional videos Program reference guide Archived webinar Frequently asked questions and toll-free help line Phone:

38 38 Additional Incentives Federal Tax Credit Up to $7,500 per vehicle HOV Lane Exemption & Toll Discount Use LIE HOV lanes and off-peak toll rate and E-Z pass discounts Time-of-Use Electricity Rates Utility rates that reduce the cost of home vehicle charging during off-peak hours

39 39 Additional Incentives NYS Alternative Fuel Vehicle Recharging Tax Credit and Cleaner, Greener Communities Tax credit for chargers and funds for communities with streamlined permitting for charging stations DEC Rebates for Municipalities Up to $5,000 per vehicle and up to $250,000 per facility for eligible infrastructure

40 40 Next Steps Enroll today! Visit nyserda.ny.gov/ev Dealer Sign Up Questions? Contact the Program Administrator Center for Sustainable Energy Phone:

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