Episode #1396: California revives EV rebates after the federal tax credit disappears, Toyota leads an effort to standardize parts across Japan's auto industry, and Missouri dealer Eric Gentry returns to where his career began as he launches his own dealership group.
automotiveworld.com/news/california-restores-us3500-ev-rebate-in-fight-against-trump
California is putting its own money, plus apparently some OEMs’, behind EV adoption. Governor Gavin Newsom signed a $270 million rebate program aimed at first-time buyers, reviving state incentives as federal support retreats and EV sales growth continues to cool.
-First-time buyers can receive $3,500 toward a new EV, while used-EV buyers can qualify for $1,750.
-Eligibility is limited to new vehicles priced at $50,000 or less and used EVs priced at $25,000 or less, keeping the focus on more affordable models.
-The program is being funded by California and several still-unnamed automakers, with participating brands expected to...