California launches a new incentive program for electric vehicle purchases that includes rebates for both new and used vehicles. Multiple outlets report that first-time buyers of new electric vehicles can receive a $3,500 rebate. The Independent and Ars Technica both say the program begins later this summer.
Ars Technica adds that the state also offers a $1,750 rebate for used EVs, and that both the new-vehicle and used-vehicle rebates include price caps, limiting eligibility to vehicles below specified prices. The details described across sources focus on the rebate amounts, the first-time buyer eligibility for the $3,500 new-EV credit, and the presence of vehicle price limits.
Overall, the reporting agrees that California’s program is designed to reduce upfront costs for eligible electric vehicle purchases, with separate incentives for new and used cars and an announced start date later in the summer.
