Newsom Announces $3,500 Rebate for New EV Purchasers
The $271 million program gives first-time buyers up to $3,500 off new zero-emission vehicles and $1,750 off used models.
- Governor Gavin Newsom launched the MyFirstEV program this month, offering $3,500 tax credits for first-time buyers of new zero-emission vehicles backed by roughly $271 million in state and automaker matching funds.
- California officials created the initiative to offset a $7,500 federal EV tax credit that expired in September 2025, aiming to accelerate ZEV adoption after sales dropped amid shifting federal policies.
- Rebates apply to new EVs under $50,000 and used vehicles under $25,000, with Tesla, Hyundai, and Lucid currently participating and Ford, Rivian, Chevrolet, and Kia launching in coming weeks.
- Tesla buyers exhausted the automaker's entire allocation by August 8, just five days after rebates became available, spending an estimated $18 million in state and matching rebates on Tesla vehicles.
- Pacific Research Institute senior fellow Wayne Winegarden argues the program is artificial industrial policy, claiming subsidies attempt to "force a market where people don't value these vehicles.
29 Articles
29 Articles
Tesla burns through its California EV rebate in five days
Tesla exhausted its share of California’s MyFirstEV rebate between August 3 and August 8. The $50,000 price cap is waived for California-headquartered EV-only makers like Rivian and Lucid, but not Tesla. Tesla used up its entire allocation of California’s new first-time buyer rebate in five days. The MyFirstEV scheme opened this month, and Tesla started […] This story continues at The Next Web
Palo Alto Online
How does California’s new $3,500 EV rebate work?
This story was originally published by CalMatters. Sign up for their newsletters. Thinking about buying or leasing an electric car in the near future? California will soon be making that cheaper. On Friday, Gov. Gavin Newsom launched “MyFirstEV,” a new state program that sets aside millions of dollars to fund rebates for residents who buy or lease a […]
Oregon brings back electric vehicle rebates, trimming awards after years of sellouts
Oregon drivers hoping to trade in their gas-powered cars for electric models will get another chance at state cash rebates in August. But the program's popularity has created a problem: demand has exhausted available rebate money, leading state officials to cut some rebate amounts so more households can access the program. What's happening? According to KLCC, after repeatedly selling out in previous years, Oregon's Clean Vehicle Rebate Program i…
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Newsom announces $3,500 rebate for new EV purchasers
(The Center Square) - California Gov. Gavin Newsom has announced that automakers are offering a $3,500 instant rebate for state residents buying or leasing their first new zero-emission electric vehicle as part of a $271 million incentive program.
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