This point-of-sale EV rebate would most certainly cause EV sales to skyrocket. It would be the automobile-equivalent of zero-down mortgages in 2003-2006: They certainly caused housing prices to skyrocket. Builders were happy with zero down, just like Tesla would be happy with the taxpayer paying $17,260 for the car up front, right in the store.
However, there is another aspect of the proposed California EV rebate system that would have huge consequences that I haven't seen anyone mention to date. And that's the out-of-state buyer. Unlike a house, a car can be driven across a state border.
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