Newsom Offers Tesla, EV Makers a Boost With $200 Million Rebate Plan

Governor Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in California that would represent a major boost to Elon Musk’s Tesla Inc and other EV makers in the state.

Under the new program, passenger vehicles priced at or below $55,000 would qualify for the rebate, along with $80,000 for vans, SUVs and pickup trucks and $25,000 for used vehicles, Newsom’s office said in a statement. The cutoff would mean some of Tesla’s most popular models, as well as one variation of its Cybertruck, would qualify for a rebate at current prices.