tldrdailynews.com logo

California launches $3,500 instant EV rebate to replace federal tax credit

1 min read
Source: USA Today
California launches $3,500 instant EV rebate to replace federal tax credit
Photo: USA Today
TL;DR

California will offer a $3,500 instant rebate for new electric vehicles, funded by a $135 million state fund (matched by automaker grants) and part of a budget deal, to fill the gap after the federal $7,500 credit ended; the program will also include rebates for used EVs and is expected to be limited to California residents as the state maintains leadership in EV adoption.

Topics:businesspolicy#automakers#budget#california#ev#policy#rebates
Share this article
  1. Shoppers can soon save $3,500 on a new EV in California. Here's why  USA Today
  2. California Just Found A New Way To Keep EV Sales Moving  Autoblog
  3. California to Launch $270M EV Incentive for First-Time Buyers  Fuel Cells Works
  4. EV Buyer Incentive Campaign Launches In California  thebuzzevnews.com
  5. California To Get a New Point-of-Sale EV Incentive: Up to $3,500  EVChargingStations.com

Want the full story? Read the original reporting

Read on USA Today