California Reports 12,000 EV Purchases Under New Rebate Program

3-line summary

• California announced Friday that about 12,000 residents have purchased electric vehicles through its new rebate program, a $270 million initiative jointly funded by the state and automakers. The program is aimed at California residents purchasing an EV for the first time, offering a $3,500 rebate on new EVs priced at $50,000 or below retail, and a $1,750 rebate on used EVs priced at $25,000 or below.
• Governor Gavin Newsom signed the program into law in July. The article did not specify the exact period over which the 12,000 purchases occurred, how the program operates in detail, or the split between new and used vehicle purchases.

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