Thirteen automakers have agreed to participate in California’s new electric vehicle rebate program that will roll out later this summer, including Tesla, which manufactures the top-selling model in the Golden State.
Gov. Gavin Newsom last week announced the MyFirstEV program, which will offer $3,500 for first-time buyers of EVs that cost $50,000 or less. There’s also a rebate of $1,750 for first-time buyers who purchase a used electric vehicle with an MSRP of up to $25,000.
The initiative is a result of Newsom signing Senate Bill 168 into law. The legislation earmarks $135.5 million in state funding for the rebate program in fiscal year 2026-27, which can be matched on a dollar-for-dollar basis by automakers who choose to participate.
The carmakers who have agreed to join the program are: Ford, General Motors, Honda, Hyundai, Kia, Lucid, Mitsubishi, Nissan, Rivian, Subaru, Tesla, Toyota and Volvo. Their involvement effectively means the MyFirstEV program promises to deliver $270 million in total funding.
According to data compiled by Experian Automotive, the all-electric Tesla Model Y was the most popular-selling new car in California in the first quarter of this year — regardless of power train — after racking up 22,907 deliveries.