Set us as preferredFirst time electric vehicle buyers in California can now snag a $3,500 instant rebate on new EVs made by Tesla, Hyundai or Lucid. Gavin Newsom announced Friday that funds are available for the state’s EV incentive program, dubbed MyFirstEV, which he finalized in his state budget last month. The rebates are only available to first time EV buyers, who can apply for the discount by filling out an online attestation form once they have begun their purchasing process. The $50,000 maximum rules out many options on the market, but legislation outlining the incentive program makes a special exception for California-based companies. Buyers purchasing a new or used EV from a company with headquarters in California can claim the discount regardless of the vehicle price.