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MyFirstEV

Coverage of MyFirstEV in the Nexus archive.

Earliest in view: Jul 13 · 23:27 UTCMost recent: Jul 13 · 23:27 UTC
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  • BUSINESSJul 13 · 23:27 UTCBUSINESS INSIDER
    California's new EV incentive gives a leg up to Lucid and Rivian

    California's new EV incentive program, MyFirstEV, offers $3,500 rebates for first-time buyers of new EVs priced under $50,000. However, California-based EV manufacturers like Rivian and Lucid are exempt from the price cap, allowing their higher-priced vehicles to qualify. Tesla, which moved its corporate headquarters out of California, is excluded from the exemption and must comply with the price cap.