California's $3,500 EV Rebate Program Starts 'Later This Summer'

• California's $3,500 EV rebate program is almost here.
• The new incentive will become available "later this summer," the California Governor's office said on Monday.
• It's an on-the-hood rebate for new EVs costing up to $50,000 and used ones costing up to $25,000.

The federal government may be no friend of electric vehicles, but states are stepping up with their own policies to keep sales rolling. On Monday, California Governor Gavin Newsom signed into law a new EV incentive program that will—at least partially—make up for the end of the $7,500 EV tax credit.