California EV Incentive Gives Rivian, Lucid a Price-Cap Edge
California is launching a new incentive program for first-time electric vehicle buyers that gives companies like Rivian and Lucid an edge. Gov. Gavin Newsom signed a bill, SB 168, into law on Monday that will give first-time EV customers an instant incentive of $3,500 on a new vehicle and $1,750 toward a used one at…