Pacific Gas and Electric customers in California can (now until May 31st) receive an additional $10,000 off the price of a BMW i3 via the instructions on the press release below. They join Southern California Edison customers and New Jersey’s PSE&G customers in getting the $10,000 rebate.
That’s in addition to the $7500 federal tax credit and the $2500 California State EV credit for eligible incomes as well as use of the HOV lanes and other incentives. PG&E throws in a $500 Clean Fuel rebate as well. That’s a total of $20,500 off the price of the BMW i3 which starts at around $44,500 making the final base cost of the i3 $24,000. Find BMW i3 inventory and lowest prices using this link.
The i3 has been around for quite awhile without a significant update but its modern styling/interior, BMW handling, DC fast charging using CCS combo and options still make it a great EV option. At $24,000 after tax incentives it is pretty crazy. That said, it is the same price as a base Model 3 after incentives, if you could get such a thing.
Also of note: This isn’t the electric companies throwing the money around, just like with last year’s Nissan Leaf rebates, the manufacturer, in this case BMW, is paying for the rebates, likely to clear inventory ahead of new vehicle releases.
SAN FRANCISCO, Calif.—Pacific Gas and Electric Company (PG&E) today announced that PG&E customers can save $10,000 on the purchase of a new 2017 or 2018 BMW i3 or i3s electric vehicle (EV) including both all-electric (BEV) as well as range extender (REx) models. This offer adds to existing state and federal discounts available to customers in California to help support the state’s ambitious clean transportation goal of having five million zero-emission vehicles on the road by 2030.
At any authorized BMW dealership, interested customers can show a recent copy of their PG&E bill and the filled out BMW customer information form found here. Family members are also eligible if they prove with a driver’s license that they reside at the same address as the customer on the PG&E bill. The discount is taken off the best-negotiated price for the purchase or finance of a BMW i3 or i3s EV and is available through May 31, 2018.
Additionally, BMW i3 customers are eligible to enroll in BMW’s ChargeNow program that offers 24 months of free charging at participating EVgo charging stations.
“Today, 40 percent of greenhouse-gas emissions in the state come from transportation. Electric vehicles are a critical part of reducing emissions, creating cleaner air and meeting ambitious climate goals in California. Making it easier for customers to adopt EVs can help drivers reduce their environmental impact while supporting the state’s clean energy future,” said PG&E Corporation’s Senior Vice President of Strategy and Policy Steve Malnight.
Existing discounts for EVs
In addition to the discount offered by BMW, other available incentives could further reduce the cost of an EV by approximately 40 percent. PG&E recommends customers research other discounts and incentives, including:
- Federal Tax Credit: Customers could be eligible for up to $7,500 in federal tax credits. PG&E recommends customers review details closely and consult a tax accountant or Certified Public Accountant for specific information.
- California State Rebate: Customers could be eligible for an additional $2,500 off the BMW i3 through the California state rebate administered by the California Air Resources Board.
- PG&E’s Clean Fuel Rebate: PG&E residential, electric customers who are EV drivers can apply for the company’s one-time $500 Clean Fuel Rebate. The rebate is part of California’s statewide Low Carbon Fuel Standard initiative, which aims to reduce transportation-related greenhouse gas emissions by encouraging the adoption of clean fuels like electricity.
- PG&E customers living in certain areas such as San Joaquin Valley could be eligible for additional EV discounts.
PG&E Ongoing Support for EVs in California
Recently, PG&E launched its EV Charge Network program to help accelerate the adoption of EVs in California by increasing access to charging. Partnering with business customers and EV charging companies, PG&E will install 7,500 EV chargers at condominiums, apartment buildings and workplaces across Northern and Central California, including at sites in disadvantaged communities.
Committed to increasing adoption of clean vehicles in the state, PG&E continues its efforts to make it easier for customers to make the switch to EVs. Online resources help customers driving EVs learn more and determine which rate plan makes sense for them. On PG&E’s residential EV rate plans, customers pay the equivalent of $1.20 per gallon to charge their vehicle overnight.
To learn more about other options for EV drivers, visit pge.com/ev.
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