California's $3,500 EV rebate program is almost here.
The new incentive will become available "later this summer," the California Governor's office said on Monday.
It's an on-the-hood rebate for new EVs costing up to $50,000 and used ones costing up to $25,000.
The federal government may be no friend of electric vehicles, but states are stepping up with their own policies to keep sales rolling. On Monday, California Governor Gavin Newsom signed into law a new EV incentive program that will—at least partially—make up for the end of the $7,500 EV tax credit.
We reported on this a couple of weeks ago when California's new budget bill was still making its way through the state legislature. Now Governor Newsom has signed SB 168, the law that outlines the new incentive, so it's official. When will it go into effect? Personally, I'd love to know. I have a gas Subaru that works fine, but I've been eyeing my local Hyundai Ioniq 5s and Tesla Model 3 Highlands with particular envy lately. A little cash on the hood could help make that case for me.
