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California launches first-time EV rebates as gas hits $5.77 and federal credits disappear
xCruzo Brief
California is launching an instant rebate for residents buying their first electric vehicle as gas prices climb and federal EV tax credits are no longer available. Starting next month, the MyFirstEV program will offer $3,500 off a new EV or $1,750 off a used one for eligible Californians, according to the Los Angeles Times. The state launched the effort after the Trump administration ended the $7,500 federal credit for new EVs in September. Officials cite demand resilience alongside higher fuel costs, with gas at $5.77 per gallon noted by UC Davis’ Gil Tal. Gov. Gavin Newsom signed Senate Bill 168, allocating $135 million.
xCruzo quick-read summary • Source: Yahoo Autos • Read the full article for complete information.
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