Democratic Gov. Gavin Newsom’s proposed electric vehicle rebate program is likely to offer a $3,500 incentive for new car purchases, state officials said Wednesday.
What happened: California Air Resources Board staff told representatives from auto companies and environmental groups during a meeting that the agency’s proposed incentive program calls for the state to reimburse eligible EV buyers $1,750 and manufacturers to pony up the same amount. The program would also offer a $1,750 incentive for used vehicles.
State officials also asked manufacturers to indicate by June 1 if they’re interested in participating in the program, which CARB hopes to launch on July 1.
Why it matters: The update comes after CARB staff told lawmakers at a March budget hearing that they were considering incentives ranging from $1,500 to $7,500.
