New State Rebate Available for First-Time EV Buyers

by djamaleddine@cosb.org

New State Rebate Available for First-Time EV Buyers djamaleddine@c…
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Have you been looking to buy an electric vehicle with the recent increase in gas prices? 

Great news! 13 major automakers are teaming up with the State to offer instant rebates to Californians buying or leasing their first zero-emission vehicle with the new MyFirstEV program. This program was established by Legislature and signed by the Governor in SB 168 just last week, and is funded by a $135 million state investment split evenly among participating automakers who will match the state’s contribution dollar-for-dollar. 

Here’s what buyers need to know: 

  • $3,500 off new electric vehicles with an MSRP up to $50,000 

  • $1,750 off used electric vehicles sold for up to $25,000 through manufacturers’ pre-owned vehicle programs

  • The rebate is open to any Californian buying or leasing their first ZEV 

Eligible brands include Ford, General Motors, Honda, Hyundai, Kia, Lucid, Mitsubishi, Nissan, Rivian, Subaru, Tesla, Toyota and Volvo.

Save money while making a sustainable choice by swapping out your old gas powered car for an energy efficient electric vehicle! Once state officials have announced that the program has officially begun, simply go to a participating dealership and enjoy the instant savings that will be deducted from the final price or lease agreement. 

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