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California Announces $3,500 Instant Rebate for New EV Purchases, Available Now
KQED • • business
Key Points:
- The state program offers rebates for battery electric and hydrogen fuel cell vehicles from model year 2026 and newer, priced under $50,000, including used EVs with rebates up to $1,750 for those under $25,000.
- Low-income residents can access larger incentives through the Clean Cars 4 All program, enhancing affordability for eligible buyers.
- Research from Yale highlights long-term savings for Californians, noting that the electric equivalent of a gallon of gasoline costs $2.72, compared to gasoline prices consistently above $4.00 since 2021.
- Eligible vehicles must be purchased from one of 15 participating automakers, who match the government rebate dollar-for-dollar.
