California rolls out up-to-$3,500 EV tax credit to accelerate switch to electric cars

1 min read
Source: ABC7 Los Angeles
California rolls out up-to-$3,500 EV tax credit to accelerate switch to electric cars
Photo: ABC7 Los Angeles
TL;DR Summary

California announced a one-time incentive offering up to $3,500 off a new zero-emission car (price cap under $50,000) or half that for used EVs (under $25,000), funded with about $135 million and matched by automakers; initial eligible brands include Hyundai, Tesla, and Lucid, with Ford, Rivian, Chevrolet, Kia and others to join later, aimed at boosting EV adoption and cleaner air.

Share this article

Reading Insights

Total Reads

0

Unique Readers

5

Time Saved

3 min

vs 4 min read

Condensed

91%

70661 words

Want the full story? Read the original article

Read on ABC7 Los Angeles