New update on the page that given the quantity of applications received, the available funding has now been exceeded as of 11-13.
https://epa.illinois.gov/topics/ceja/electric-vehicle-rebates.html
Submitted mine 11/10 so not sure if I’ll make the cut.
Has anyone tried to use the IL credit for a lease buyout? I was wondering if it was possible since the requirements state that it must be for a new or used vehicle, but not for leased. However, when one does a buyout, isn’t it considered used?
I was thinking this would be a good way to take advantage of both the lease tax credit and the IL tax credit for EVs like the Volvo EX30 that don’t qualify for the non-lease credit.