Canary Media: California to offer a novel $3,500 rebate for first-time EV buyers

Research shows that once drivers try an EV, they stick with them. That’s why these incentives target those who’ve never owned one to maximize the bang for the buck. Earlier this month, Gov. Gavin Newsom (D) signed legislation creating the MyFirstEV program. It’s the state’s first big attempt to make up for the loss of federal EV tax credits, and it’s exclusively targeting the key demographic of EV neophytes. The fine details are still being hashed out in advance of MyFirstEV’s official launch later this summer. But, in broad strokes, the program will offer a $3,500 rebate at the point of sale for a first-time purchase or lease of any new EV that retails for $50,000 or less, and a $1,750 rebate for a used EV selling for $25,000 or less. More HERE.