California continues to push toward zero-emission mobility. Its latest effort comes in the form of legislation signed by Governor Gavin Newsom on Monday, creating rebates of up to $3,500 for EV purchases.
The $270 million program consists of a $135.5 million state investment matched dollar-for-dollar by participating automakers and will launch later this summer. However, there are several details worth noting.
The program only applies to first-time EV buyers residing in the Golden State. The full $3,500 rebate is available for new vehicles with a suggested retail price of up to $50,000, while used EVs costing up to $25,000 qualify for a $1,750 rebate. Both will be applied at the point of sale.
