Tesla Drains California's MyFirstEV Rebate Fund in Five Days
Tesla drained California’s MyFirstEV rebate pool in five days after the Aug. 3 launch, with roughly half of the $135.5 million state fund plus automaker matches exhausted by Aug. 8—about $18 million in rebates for Teslas alone. The program offers $3,500 off a new EV under $50,000 or $1,750 off a used one under $25,000, with no income cap and rebates applied at purchase. Tesla’s CA sales leadership—more than half of ZEV registrations through June and 54,327 Model Y registrations in H1—made it likely the brand would exhaust its share quickly, while price-cap waivers for CA-headquartered EV-only brands like Rivian and Lucid could influence who benefits most as the program rolls out.
- Tesla exhausts its California MyFirstEV rebate allocation in 5 days Electrek
- California offers new tax credit worth up to $3,500 for drivers who switch to electric vehicles ABC7 Los Angeles
- Governor Newsom announces $3,500 instant rebates now available for Californians buying their first zero-emission vehicle California State Portal | CA.gov
- California Announces $3,500 Instant Rebate for New EV Purchases, Available Now KQED
- Status Update: California’s ZEV rebate starts with 3 automakers, more to come Orange County Register
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