California Offers Generous Rebates to First-Time EV Buyers
First-time electric vehicle buyers in California will be able to buy electric cars at subsidized rates after Governor Gavin Newsom signed legislation offering rebates for new and used EV purchases. California’s new rebate program, worth around $270 million, will provide $3,500 in rebates for vehicles costing up to $50,000 and $1,750 for second-hand electric cars priced at up to $25,000. Price has consistently been one of the main barriers to electric vehicle adoption, especially now that the early adopter phase has passed. With these rebates, potential first-time EV buyers in California now have a little more incentive to make the jump. Unfortunately,…