A new rebate program aims to maintain momentum for EV adoption as the federal government eliminates other incentives.
After the federal government ended their incentive program for electric car buyers, California launched its own rebate for first-time EV buyers.
According to an article by Lauren Lawrence in F&I Magazine, "The MyFirstEV program is set to take effect later this summer, participating automakers matching the state’s monetary investment to deliver a combined $270 million in total savings." It offers rebates of up to $3,500 for new EVs and $1,750 for used cars.
The program is part of a broader $600 million initiative to build the state's clean vehicle future. "The full package includes a Community Air Protection Program for those with lower incomes, a program for 'clean' off-road equipment, a Clean Truck and Bus Voucher Incentive Program, and a plan to replace heavy-duty engines." The state is also investing in expanding its network of 200,000 public and shared EV chargers.
Read the full story: California Launches EV Rebate Program
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