California Introduces $3,500 Incentive for First-Time EV Buyers

California is rolling out a new program that offers a $3,500 rebate to residents purchasing their first electric vehicle. This incentive aims to make EV ownership more accessible for new buyers in the state. Notably, the program includes a $50,000 price cap, though vehicles from California-based automakers like Rivian and Lucid Motors are exempt from this limit.