That instant rebate is the centerpiece of a broader $600 million package Governor Newsom signed into law, keeping California active in the global clean transportation race.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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At 16% of the average transaction price, EV incentives remain more than twice as high as those for the overall vehicle market.
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While federal incentives for electric vehicles are set to sunset on September 30, states such as California, Massachusetts, Oregon, New Jersey, and New York have announced new programs for fleets and new funding for existing ones.
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EV sales surged in July as buyers moved quickly ahead of the tax credit deadline, with new and used markets showing strong growth and prices adjusting to meet demand.
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The new prices offer another $7,500 incentive on Mullen ONE and THREE electric trucks, matching the federal incentive available through Sept. 30.
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Fleet managers in the Northeast will have a timely opportunity to take action on electric vehicle purchases at the upcoming Fleet Forward Tour stop in Somerset, NJ, on Sept. 9.
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As federal EV incentives near expiration, a new study shows demand has stalled, used supply is surging, and Tesla models top the list of vehicles losing the most value.
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Learn more about market results and effects from a major shift in federal electric vehicle policies and incentives at the upcoming Fleet Forward Conference.
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Speakers and experts at Fleet Forward: The Tour shared hands-on, hard-won insights on how fleet operations are handling tariffs, EV charging, rules and regs, and safety issues.
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Electric vehicle sales dipped in the second quarter, despite record incentives and a growing model lineup. The market braces for a federal tax credit phase-out that could skew sales trends.
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