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California Launches New EV Incentive Program, Tesla Among Top Beneficiaries

From:Internet Info Agency 2026-07-14 03:55:02

California Governor Gavin Newsom signed Senate Bill 168, launching the "My First EV" rebate program. The initiative offers first-time electric vehicle buyers an immediate $3,500 discount at the point of sale. The program is funded with $135.5 million from the state government, matched by an equal contribution from participating automakers, bringing the total funding to approximately $270 million. Tesla is the primary automaker benefiting from this program.

Editor:NewsAssistant