Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETAuto App and get the Realtime updates and Save your favourite articles. California's proposed $200 million electric vehicle incentive program will be limited to first-time buyers and require participating manufacturers to contribute matching incentives, the administration of California Governor Gavin Newsom said on Monday.The proposal ‌would allow incentives ‌to defray the upfront purchase costs for new or used EVs but the incentive amounts have not yet been ‌announced. Eligible vehicles will face price caps adopted by Congress in 2022.The move comes after Congress last year ended a federal $7,500 state tax deduction on new EVs and $4,000 used EV tax credit effective September 30. GM said last week the rollback of federal emissions rules is expected to save it up to $750 million.>

Source: Economic Times February 03, 2026 08:58 UTC