California has decided that if the U.S. government is going to slash electric-vehicle incentives, it needs to keep the momentum going itself with $200 million in state funds to promote cleaner cars. California Gov. Gavin Newsom's latest proposal reveals a bit more about how exactly it plans to plug the gap. The program's finer details are still hazy. But we know this: The policy would require manufacturers to match the state's contribution dollar-for-dollar, effectively doubling the incentive.
2025-model used cars sold in the fourth quarter of last year went for $6,370 less than their average new car transaction price. That's already substantial savings, but the numbers are even better for EV and PHEV shoppers. Models like the Dodge Charger Daytona and Jeep Wrangler 4XE have truly staggering discounts after less than a year on the road.