California is bringing back EV rebates. This is how to get one

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Set us as preferred Nearly a year after the expiration of a $7,500 federal tax incentive for new electric vehicles, California is stepping in to try to motivate buyers to go electric.Gov.

Gavin Newsom allocated $135 million in his new state budget to provide incentives for new and used EVs.Participating automakers will match the funds.

California leads the nation in EV adoption, though the market has taken a hit under the Trump administration.California Gov.

Gavin Newsom extolled free school meals, universal transitional kindergarten and other accomplishments in his tenure in California, a period marked by over $100 billion in increased spending.The state budget — a more than $350-billion spending plan — went into effect Wednesday.The EV incentives will take effect in the coming weeks as the California Air Resources Board irons out agreements with dealerships.

Here’s what you need to know.Senate Bill 168 tasked the California Air Resources Board with setting incentive amounts for new and used electric vehicles sold in California.

Eligible buyers will receive $3,500 off for new EVs and $1,750 off for used ones.Unlike the federal tax credits that expired in September, these incentives offer an instant discount and don’t require buyers to apply for credit later.

Climate & Environment A new lawsuit targets California’s ability to set its own car emissions standards, which 17 other states follow.State funds will cover half of the incentive amount, and auto manufacturers will cover the other half.The rebates will mean that most eligible buyers will effectively get between 4% and 7% of their money back.

For used EVs, “this incentive helps what’s already a good deal become an even better deal,” said auto analyst Brian Moody.“I think that’s the perfect use of these kinds of dollars.”The new incentives...