Program, Phase-out

The rebate authorized in this Article is subject to a phase-out (reduction) once one hundred

(100)qualified plug-in electric drive motor vehicle rebates have been provided beginning after October 1, 2014. The phase-out shall begin in the second

(2nd)calendar quarter after the quarter in which the one hundredth (100th) rebate has been granted. During this quarter, the GEO shall be authorized to only provide fifty CH. 3 GENERAL PROVISIONS percent (50%) of the full rebate for the following two

(2)quarters, then twenty-five percent (25%) of the full rebate for an additional four

(4)quarters, and no rebate thereafter.