Berlin—In Europe’s largest automotive market, battery electric cars became about 18 percent cheaper in real terms between 2020 and 2025, even as average prices...
California Launches MyFirstEV Rebate Program
Sacramento, Calif.—Governor Gavin Newsom announced that three automakers are now offering instant rebates through California’s MyFirstEV program. Hyundai, Lucid and Tesla dealers or sales centers now offer zero-emission vehicles with a $3,500 discount on a new model or $1,750 off used for first-time buyers.
Additional automakers are planning to launch later this month and throughout the fall, including:
- August: Ford, Rivian, Chevrolet, Kia
- September: Toyota/Lexus, Honda, and Subaru
- November: Mitsubishi
- TBD: Nissan and Volvo are still determining launch timelines
How it works
- The program is open to any Californian buying or leasing their first ZEV.
- $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.
- Availability will vary by manufacturer and dealership.
- Participation is first-come, first-served and the funding will be available until it runs out.
- Vehicles ordered or purchased before a participating manufacturer has launched will not be eligible to receive an incentive.
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