California launches EV rebates for first-time buyers
- California Governor Gavin Newsom has signed legislation introducing new state rebates for electric vehicles, aiming to stimulate sales amid a national slowdown.
- The program, effective later this summer, offers first-time buyers $3,500 for new EVs.
- The $270 million initiative, funded by the state budget and car manufacturers, applies to new vehicles with a suggested retail price of up to $50,000.
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- California Governor Gavin Newsom has signed legislation introducing new state rebates for electric vehicles, aiming to stimulate sales amid a national slowdown.
- The program, effective later this summer, offers first-time buyers $3,500 for new EVs.
- The $270 million initiative, funded by the state budget and car manufacturers, applies to new vehicles with a suggested retail price of up to $50,000.
Sources: The Independent