§13283 Discount payments

Summary

The Secretary must repay a proposer (the person or group that ran the program) for any discount the proposer gave to buyers of electric vehicles if the proposer certifies two things: the vehicles were bought or leased under the program rules, and the proposer actually gave the discounts. After the Secretary accepts a valid certification, the Secretary must pay the full reimbursement within 30 days, but only if Congress has already provided the money. The refund has limits. It cannot be bigger than the extra cost of the electric vehicle or bigger than the price of a similar gas vehicle. After subtracting the refund and any other price cuts, the electric vehicle’s final price cannot be lower than the maker’s suggested retail price for a comparable gas vehicle. The maximum refund is $10,000 for each electric vehicle.