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Newsom Unveils $271M EV Rebates for First-Time Buyers

8/8/2026

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Story summary
  • Governor Gavin Newsom launched MyFirstEV rebates on August 7, 2026, offering $3,500 off EVs <= $50,000 and $1,750 off used EVs <= $25,000 for first-time buyers.
  • California allocated $135.5 million, matched dollar-for-dollar, forming a $271 million fund that CARB expects to support 73,000 sales before funds run out by year-end.
  • Tesla, Hyundai, Lucid, Ford, Rivian, Chevrolet and Kia will offer rebates, with first three starting Friday, others in August, while plug-in hybrids are excluded.