California is set to introduce a new $3,500 instant rebate for electric vehicle (EV) buyers, a move aimed at offsetting the loss of federal tax credits that have been phased out. With the federal government having gradually reduced the tax credit for EVs over the past year, California is stepping in to provide financial incentives for residents to switch to cleaner, more environmentally-friendly vehicles. The rebate, which will be available to eligible California residents, is expected to help drive demand for EVs and support the state's ambitious goal of having 5 million zero-emission vehicles on the road by 2030. As the state continues to push for a cleaner transportation sector, the $3,500 rebate is likely to be a welcome boost for EV buyers.
California to launch $3,500 instant EV rebate to replace defund federal tax credit FOX 11 Los Angeles
