This subsidy can only be applied to a car loan or lease agreement

Up to $10,800: $300 per month for up to three (3) years

• If the total monthly payment amount associated with the vehicle is less than $300, then the subsidy amount will be that value rather than $300

• If the length of the loan or lease is less than three years, the subsidy will be offered for the term of the loan or lease rather than for three years

The term EV shall refer to a four-wheeled vehicle powered exclusively by electricity supplied from an internal battery pack that can be registered for road use in the State of Rhode Island.

• This definition expressly excludes any type of fully or partially internal-combustion powered vehicle from being acquired with assistance from this program

Subsidy recipients are expected to pay all additional costs, including loan or lease costs beyond the subsidy amount, operating expenses, registration fees, insurance, etc.

Subsidy payments will be made directly to the requisite financial institution

Each recipient must be a year-round resident of Block Island

The EV must be used primarily on Block Island

Recipients must be willing to help promote the adoption of EVs on Block Island (i.e. application of bumper stickers, quotes, word of mouth, etc.)

An EV must be acquired, either leased or purchased by December 31st, 2022 in order to receive the subsidy

Misrepresentation or a change in circumstances may result in cessation of subsidy payments