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The EV tax credit is back in California.
As telegraphed earlier this year, Governor Gavin Newsom signed legislation today creating a $3,500 point-of-sale rebate for the purchase of a new electric vehicle priced up to $50,000. Used EVs sold for up to $25,000 get a $1,750 rebate. Automakers headquartered in California aren’t subject to price caps. Naturally, Tesla fans are mad.
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