California unveils new electric vehicle subsidy program, Tesla emerges as the biggest winner

The program consists of $135.5 million in state government funding matched equally by participating car companies, with a total scale of approximately $270 million. Subsidies apply to new cars with a suggested retail price not exceeding $50,000, as well as used electric vehicles priced at no more than $25,000 (subsidy of $1,750). This price threshold allows Tesla’s Model 3 and Model Y base models to benefit directly, while the Cybertruck and higher-end versions are excluded due to exceeding the limit.