As the federal electric vehicle (EV) tax credit is set to expire, California is stepping in to provide a boost to its residents. The state has announced plans to offer instant rebates of up to $3,500 for eligible electric vehicle buyers. The move aims to offset the loss of the federal tax credit, which has been a crucial incentive for many consumers considering an EV purchase. With California's ambitious goal to phase out gas-powered cars by 2035, this rebate program is seen as a crucial step in driving the state's transition to electric vehicles and reducing greenhouse gas emissions.
California plans $3,500 instant EV rebates after federal tax credit expires Yahoo Autos
