California cuts electric-car rebates, drops luxury models

California's rebate program to entice more drivers to purchase electric vehicles has gotten less generous, especially for those looking to buy luxury models. Effective Tuesday, regulators stopped offering rebates for electric cars or plug-in hybrids that cost more than $60,000.  The Air Resources Board also reduced the standard rebate by $500 per vehicle from $2,500 to $2,000. In addition it eliminated rebates for plug-in hybrids with a range of less than 35 miles. Agency officials say the changes will ensure that more people will receive rebates, particularly those with low incomes.