{
  "id": 15030888,
  "title": "Nearly 12,000 California residents bought EVs using state rebate program",
  "url": "https://urgent.news/2026/10/16/nearly-12-000-california-residents-bought-evs-using-state-rebate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T19:54:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/nearly-12000-california-residents-bought-evs-using-state-rebate-program-4954764"
  },
  "original_language": "en",
  "account": "California reported on Friday that nearly 12,000 residents purchased electric vehicles (EVs) through a $270 million state-funded program, despite a nationwide decline in EV sales. The program, launched in July by Governor Gavin Newsom, offers up to $3,500 rebates for new EVs priced under $50,000 and a $1,750 rebate for used EVs priced at $25,000 or less. EVs accounted for 18% of all vehicle sales in California through September 30, down from 23% last year and 25% in 2024. Tesla vehicles make up more than half of the EVs sold in the state, with no funds remaining for Tesla models under the program. The remaining $135.5 million in state funding and $135.5 million from automakers is still available for other EV purchases. The federal government has eliminated support for EVs and charging programs, with Trump signing a 2025 law that ended federal EV tax credits. California's previous rebate program, which subsidized 586,000 EVs over a decade, ended in 2023. Trump has targeted EVs through various measures, including legislation reversing California's rules to phase out gasoline-powered cars by 2035. The administration has also finalized changes that will save automakers billions in purchasing credits from Tesla and other manufacturers to comply with prior regulatory requirements.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Scott Peters makes significant trades in California State Government and Charlotte-Mecklenburg Health",
        "url": "https://urgent.news/2026/10/16/scott-peters-makes-significant-trades-in-california-state-government",
        "published": "2026-10-16T17:06:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}