                                 CODE OF VIRGINIA

(EFFECTIVE UNTIL JANUARY 1, 2027)  ELIGIBILITY FOR REBATE; AMOUNT OF REBATE (§
45.2-1728)

A. Beginning January 1, 2022, a resident of the Commonwealth who purchases a new
electric motor vehicle from a participating dealer shall be eligible for a
rebate of $2,500. A qualified resident of the Commonwealth who purchases such
vehicle shall also be eligible for an additional $2,000 enhanced rebate.

B. Beginning January 1, 2022, a resident of the Commonwealth who purchases a
used electric motor vehicle from a participating dealer with a sale price as
provided by &#xA7; 58.1-2401 of not more than $25,000 shall be eligible for a
rebate of $2,500. A qualified resident of the Commonwealth who purchases such
vehicle shall also be eligible for an additional $2,000 enhanced rebate.

C. Any rebate provided under this article shall be applied toward payment for
the purchase. The participating dealer shall be reimbursed by the Department
from the Fund for each eligible rebate.

D. Rebates available pursuant to this article are subject to availability of
funds in the Fund.

E. The amount of the rebates provided under this article may be increased or
decreased annually by the Department in an amount not to exceed the
recommendation of the Advisory Council pursuant to subsection A of &#xA7;
45.2-1730.

F. The Department in consultation with the Advisory Council, shall develop and
implement a process for verifying eligible purchasers and shall ensure that such
process (i) is capable of being administered at the point of sale or lease of a
vehicle, (ii) allows for the immediate determination of purchaser eligibility
and the total amount of the rebate to which the purchaser is entitled, and (iii)
confirms the rebate to the participating dealer.

HISTORY: 2021, Sp. Sess. I, c. 493, § 67-1902.