The MyFirstEV program is funded by a $135 million state investment split evenly among participating automakers
Sacramento, Calif.—Thirteen automakers will start participating in California’s program to offer families buying their first zero-emission vehicle $3,500 off a new vehicle or $1,750 off a used model.
Established by the Legislature and signed by the Governor in SB 168 last week, the MyFirstEV program is funded by a $135 million state investment split evenly among participating automakers who will match the state’s contribution dollar-for-dollar.
Participating automakers include Ford, General Motors, Honda, Hyundai, Kia, Lucid, Mitsubishi, Nissan, Rivian, Subaru, Tesla, Toyota and Volvo.
How the instant rebate for first-time ZEV buyers will work
- $3,500 off new electric vehicles with an MSRP up to $50,000.
- $1,750 off used electric vehicles sold for up to $25,000 through manufacturers’ pre-owned vehicle programs
- The rebate is open to any Californian buying or leasing their first ZEV
The California Air Resources Board (CARB) is overseeing the program. Details on when the funding will be available and how to access it are expected next month.
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