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Myfirstev

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technology2 months ago•4 min saved

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.

via Electrek|

#california-rebates #electric-vehicles #ev-subsidies

technology2 months ago•2 min saved

California Unveils $3,500 Instant EV Rebate for First-Time Buyers

California rolled out a $3,500 instant rebate for first-time electric-vehicle buyers through the MyFirstEV program, with about $135.5 million funding available to cover roughly 73,000 zero-emission vehicles. The program applies to 2026+ BEVs and hydrogen fuel cell EVs under $50,000, and extends to used EVs (up to $1,750 for under $25,000), while 15 automakers including Tesla and Hyundai will match the government investment dollar-for-dollar. Low-income residents may access larger incentives via Clean Cars 4 All, and the move comes amid federal tax-credit changes and ongoing California clean-energy goals.

via KQED|

#california #cleanenergy #ev

business2 months ago•7 min saved

California’s MyFirstEV: Instant $3,500 rebates boost Rivian and Lucid, sidelining Tesla

California’s SB 168 creates the MyFirstEV program, offering a $3,500 instant dealer discount for first-time EV buyers starting later this summer, backed by $135.5 million in state funds that are matched by automakers for roughly $270 million in total at the point of sale. The program uses a $50,000 price cap, but waives it for California-headquartered EV makers, effectively benefiting Rivian and Lucid; Tesla is only eligible for its sub-$50k configurations since it no longer has California HQ. This instant rebate is part of a broader $600 million zero-emission vehicle package, with CARB still finalizing details and the program launching soon to boost EV adoption after the federal tax credit ended.

via Electrek|

#business #california-incentive #lucid-motors