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Ev Rebates

All articles tagged with #ev rebates

business18 days ago•4 min saved

California Opens Instant $3,500 EV Rebates to Tesla, Hyundai, and Lucid Buyers

California’s MyFirstEV program now offers first-time EV buyers an instant $3,500 rebate on new EVs from Tesla, Hyundai, or Lucid (with $1,750 for used EVs); the program has a $135 million pool matched by automakers and imposes price caps of $50,000 for new vehicles and $25,000 for used ones, with a carve-out for California-based companies allowing discounts regardless of price. Buyers must apply online, plug-in hybrids are ineligible, and more automakers will roll out incentives later as the state pursues EV adoption and air-quality goals.

via Los Angeles Times|

#business #california #ev-rebates

technology1 month ago•7 min saved

Slate's $25K EV Truck: A Narrow Path to Sub-$20K Pricing

Slate Auto’s electric pickup now starts at $24,950 (SUV version $29,950). The much-discussed sub-$20,000 price lives on only for a small group of buyers who meet strict, income-based state incentives and, in some cases, purchase through an in-state dealer. With the federal $7,500 credit repealed, most of the remaining discounts depend on generous but limited-state programs (California’s up to $12,000 via Clean Cars 4 All for low-income households; Maine up to $8,000; Oregon’s Match/Charge Ahead program, paused and then reopening), plus funds that can run out mid-cycle. Slate’s direct-sales model can also affect eligibility in certain programs. In practice, the truck starts around $25k before taxes and fees for most buyers, with only a few states and circumstances yielding teen-dollar savings—making the “under $20k” headline applicable to a highly restricted audience. Delivery is targeted for late 2026.

via Electrek|

#direct-to-consumer #electric-pickup #ev-rebates

business1 year ago•2 min saved

California's EV Tax Credit Controversy: Tesla Exclusion and Newsom's Bold Moves

Elon Musk criticized California's EV rebate proposal, which could exclude Tesla from consumer incentives if federal tax credits are removed. Meanwhile, Tesla and Rivian are nearing a settlement in a battery tech lawsuit, and Tesla has enhanced its referral program to boost deliveries. Volkswagen is partnering with Rivian for its Project Trinity EV, integrating Rivian's technology. Additionally, a tragic Tesla Cybertruck crash in California resulted in three fatalities.

via Benzinga|

#business #elon-musk #ev-rebates

business1 year ago•2 min saved

California Considers Excluding Tesla from EV Rebates Amid Federal Tax Credit Uncertainty

California Governor Gavin Newsom has proposed an EV rebate program that may exclude Tesla, aiming to support smaller EV manufacturers. This move comes as a response to potential federal rollbacks on green subsidies by President-elect Donald Trump. Elon Musk criticized the proposal, highlighting Tesla's significant presence in California. Despite Tesla's strong sales in the state, its market share has declined, possibly due to Musk's political stances. Tesla's stock fell 4% following the news, though it has risen 40% since Trump's re-election.

via Financial Times|

#business #california #elon-musk

environment3 years ago•3 min saved

California's EV Boom Benefits the Wealthy, Study Shows.

A new study in California has found that half of the state’s EV rebates are going to affluent areas, where the air quality is already higher, while just seven percent of California’s EV rebates went to communities that the state classed as “disadvantaged.” Even with a $7,500 tax break on an electric vehicle, most models are wildly out of the price range for anyone in a low-income household. The study warns that the way this money is distributed across the state would have an impact on the emissions in different locations.

via Jalopnik|

#air-quality #california #emissions