Can you help me make more podcasts? Consider supporting me on Patreon as the service is 100% funded by you: https://EVne.ws/patreon You can read all the latest news on the blog here: https://EVne.ws/blog Subscribe for free and listen to the podcast on audio platforms: ➤ Apple: https://EVne.ws/apple ➤ YouTube Music: https://EVne.ws/youtubemusic ➤ Spotify: https://EVne.ws/spotify ➤ TuneIn: https://EVne.ws/tunein ➤ iHeart: https://EVne.ws/iheart TESLA EXHAUSTS MYFIRSTEV REBATE ALLOCATION IN FIVE DAYS https://evne.ws/zwroz USED EV PRICES ROSE 3.3% YEAR-ON-YEAR IN JULY, AUTOTRADER SAYS https://evne.ws/r12xy CDK STUDY FINDS 1% OF US EV OWNERS CONSIDERING PETROL https://evne.ws/rxy2k CHECK BEFORE RECORDING https://evne.ws/78l2f MITSUBISHI AUSTRALIA CONFIRMS ASX VR-E ELECTRIC SUV FOR LATE 2026 https://evne.ws/78l2f WESTERN EUROPEAN BEV FORECAST RAISED TO 3.07M UNITS FOR 2026 https://evne.ws/5q36s RAC WARRANTY SELLS 15,000 EV POLICIES IN FIRST HALF OF 2026 https://evne.ws/7li40 U.S. COMMITS $1.4 BILLION LOAN TO SILA NANOTECHNOLOGIES https://evne.ws/s9y2k PARIS MAKES HELMETS COMPULSORY FOR E-SCOOTER RIDERS, €135 FINE https://evne.ws/cmal4

ev.news Daily: Tesla Eats Up Rebates, Used EVs Prices Back On The Rise & EV Drivers Are Not Going Back | 11 Aug 2026

ev.news

Welcome back to the podcast on EV News Daily. Tesla Eats Up Rebates, Used EV prices back on the rise, and EV drivers are not going back. Plus, stay tuned. Later in the show, I'll tell you why Paris is aiming safety at micromobility. Over on our spinoff show, EV News China, today we're talking about BYD converting petrol stations into electron filling stations. CATL focusing not only on making batteries, but

repair and service, and GM and SAIC extend their deal. More details on that. Let's get into it. Well, this is a fascinating story. Tesla began handing out California's new rebate called My First EV on the 3rd of August. By the 8th of August, money was all gone. The California Air Resources Board confirmed that the carmaker had burned through its entire share of the fund inside a week. Half of it went in the first three days.

Now, the program puts $135.5 million, that's about 100 million pounds or 117 million euros, of state money behind first-time EV buyers. And the carmakers taking part are matching it dollar for dollar. A first-time buyer can claim up to $3,500 towards a new EV. Nothing to sniff at. And $17.50 off a used one. New cars must cost no more than $50,000. Used, it's $25,000.

And Lucid and Rivian, Californian firms, escaped the cap on new cars. Roughly 15 carmakers signed up, split evenly. That would give each one $9 million from the state pot. Add the matching contribution, and Tesla's buyers claimed something in the order of $18 million of rebates in five days. Demand was not modest.

ev.news Daily: Tesla Eats Up Rebates, Used EVs Prices Back On The Rise & EV Drivers Are Not Going Back | 11 Aug 2026

Read the full transcript

The candid version is on a podcast,
not the earnings call.

ev.news Daily: Tesla Eats Up Rebates, Used EVs Prices Back On The Rise & EV Drivers Are Not Going Back | 11 Aug 2026

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.