S.F. No. 4051 Summary

• Establishes an electric vehicle rebate program providing $2,500 for new eligible electric vehicles and $500 for used eligible electric vehicles that have not been previously registered in Minnesota.

• Eligible purchasers include Minnesota residents, Minnesota-based businesses, nonprofit corporations, and political subdivisions; each purchaser limited to one rebate per household or business entity per year.

• Restricts rebates to electric vehicles with manufacturer's suggested retail prices not exceeding $60,000 and requires vehicles to be unmodified, unpreviously owned (for new vehicles), and registered in Minnesota.

• Appropriates $15,000,000 from the general fund in fiscal year 2021 to the commissioner of commerce for rebate administration and awards on a first-come, first-served basis.

• Program expires June 30, 2025; commissioner may reduce rebate amounts or restrict eligibility based on fund availability.