AI Generated Image
California finalizes plans for $3,500 EV rebate
USA Today • • business
Key Points:
- California will offer a $3,500 instant rebate for new electric vehicle (EV) purchases, funded by $135 million in state money and automaker-funded grants, following the end of the $7,500 federal tax credit on September 30, 2025.
- The program aims to support California's large EV market, where nearly 24% of new light-duty vehicle registrations were electric or hybrid in 2025, the highest percentage among U.S. states.
- Rebates will also be available for used EVs under the new state budget agreement, although the specific rebate amounts have not yet been announced.
- The loss of the federal tax credit led to a decline in EV sales in late 2025, with EVs representing 9.6% of the market, down 0.6% from 2024, prompting California to step in with state-level incentives.
- The new California rebates are expected to be limited to state residents, similar to previous programs, and will not apply to out-of-state EV purchases.
![The Elder Scrolls 4: Oblivion reveals Nintendo Switch 2 physical release with full game on cartridge [update: release date]](https://media-cdn.cashwalklabs.io/https%3A%2F%2Fs3.us-west-2.amazonaws.com%2Fimages.cashwalklabs.io%2F0_admin%2Fnews-ai-images%2F019f1947-bada-76d8-a352-60df28fde80e.webp?format=webp&w=120&h=80)
