California's latest attempt to boost electric vehicle adoption has sparked controversy, as a new rebate program has been criticized for favoring luxury brands over more affordable options. The state's Air Resources Board has introduced a rebate of up to $5,000 for EV buyers, but with a catch: only vehicles with a manufacturer's suggested retail price (MSRP) above $60,000 are eligible for the full rebate. The move has been seen as a boon for high-end brands like Tesla and Lucid, which have seen their sales soar in recent years. However, critics argue that this approach will only serve to widen the gap between the haves and have-nots, leaving many low-to-moderate income households priced out of the EV market.
California's New EV Rebate Comes With an Escape Hatch, and Only Tesla and Lucid Fit Through It finance.yahoo.com
