The Story
California dropped new details about how its incentive program for new and used EVs works, and which cars qualify. Here.
For a couple of months now, we’ve known the basic contours of the program. It provides an up-front, $3,500 discount for purchases of new EVs, and $1,750 for used ones. New EVs must carry an MSRP of $50,000 or less, while secondhand cars can’t go for more than $25,000. These caps don’t apply to California-headquartered EV companies, so Lucid and Rivian are exempt. (All of their…
Rivian and Lucid aren’t subject to the same price caps as other manufacturers, since they are headquartered in California. The state of California and participating manufacturers are splitting the cost of each rebate. Last month, California laid out which car companies are participating in the program. Now, according to a bulletin published by the California Air Resources…
The state has also shared new details about the cars from those manufacturers that qualify. Hydrogen fuel-cell cars qualify, while plug-in hybrids don’t. Carmakers will decide which models and trim levels are eligible, according to CARB. So you won’t necessarily be able to waltz into a dealership and get a discount on any EV, even if it falls under the price cap. Tesla, for…
That inventory has dwindled in the past couple of days, and as of this writing only includes a handful of Model Y Performance crossovers. But wait, you may be thinking, doesn’t the Model Y Performance cost well over the $50,000 cap?. I asked CARB about this, and a spokesperson said that the MSRP for a base model is what counts. Since the Model Y starts at well under $50,000,…
On the used side, there are some new wrinkles to keep in mind too. CARB says used vehicles must be at least two model years older than the year of purchase—meaning that today only 2024 and older vehicles qualify. Perhaps more importantly, the incentive only applies to certified pre-owned EVs sold through franchised dealerships. So used EVs at independent dealerships or EV…
Why It Matters
California says the $135.5 million program (an amount matched by the partnering manufacturers) could incentivize the sale of over 73,000 clean vehicles.
CarMotion Daily’s Take
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📝 Source & Copyright Notice
This story was first reported by InsideEVs. For the full article with original photography and complete coverage, visit the source: Read the full story at InsideEVs →