Price drops for Tesla’s Model 3 and Model Y have made the EVs eligible again for a California rebate; now the incentive program is running out of money.

The California Air Resources Board approved its largest budget yet for incentive programs for clean cars, trucks and buses.

A price increase for certain Tesla models has made them ineligible for Calif.’s clean vehicle rebate incentives, potentially slashing demand for the incentive.

The California Air Resources Board approved a $1.5 billion transportation funding plan, including $515 million for a popular electric car incentive program.