Is the Golden State getting ahead of itself?
Starting today, the Clean Vehicle Rebate Project will offer financial incentives of up to $20,000 towards the purchase of a new, zero-emissions and plug-in hybrid vehicles. Cars like the all-electric Tesla Roadster qualify for a $5,000 rebate, and the money can be applied towards passenger cars, commercial vehicles, and neighborhood-electric cars. But are there really enough such vehicles to justify the $4.1 million program at a time when many state governments are tightening the fiscal belt?