California offers new tax credit for drivers who switch to electric vehicles: Here's what to know

California residents may be eligible for a tax credit when purchasing an electric vehicle. A new incentive is being offered to encourage the switch to zero-emission cars. The tax credit amount varies depending on the vehicle's condition.

For new electric vehicles, the credit is $3,500. Further details on this incentive are available from the state, including specifics on eligibility and the claim process for used electric vehicles, which qualify for a lower credit amount.