California has proposed providing $7,500 state EV tax rebates to residents if Trump kills the federal EV tax credit score, Governor Gavin Newsom (D-CA) introduced right now.
November 26 replace: Tesla’s EVs could also be ignored of California’s new state EV tax rebates if President-elect Donald Trump strikes to finish the federal EV tax credit score, Governor Newsom’s workplace mentioned Monday.
Tesla CEO Elon Musk is in help of ending the federal EV tax credit score, however he wasn’t comfortable about Tesla’s exclusion from the California state EV tax rebate. He posted on X/Twitter:
Regardless that Tesla is the one firm who manufactures their EVs in California! That is insane.
Tesla moved its headquarters from California to Texas in 2021, and Musk mentioned this 12 months that SpaceX and X will make the identical transfer.
Trump has repeatedly mentioned that he would remove the $7,500 EV tax credit score for brand new automobiles and $4,000 for used automobiles created by the Biden administration’s Inflation Discount Act if he received the election.
In response, Newsom right now proposed creating a brand new model of the state’s Clear Automobile Rebate Program, which launched in 2010 and was phased out in 2023. California began with a $5,000 rebate for EVs and elevated to $7,500. Throughout its lifetime, the Clear Automobile Rebate Program funded greater than 594,000 automobiles and saved greater than 456 million gallons of gas.
Newsom’s announcement says that funding for the state EV tax rebates might come from the “Greenhouse Fuel Discount Fund, which is funded by polluters below the state’s cap-and-trade program.”
Newsom mentioned in an announcement:
We’ll intervene if the Trump administration eliminates the federal tax credit score, doubling down on our dedication to wash air and inexperienced jobs in California.
We’re not turning again on a clear transportation future – we’re going to make it extra inexpensive for individuals to drive automobiles that don’t pollute.
Newsom’s announcement didn’t say how the rebates would work, however he’s anticipated to share extra particulars throughout an look right now. The governor would wish the backing of the state legislature to revive the rebate program.
California continues to guide the US in zero emissions car adoption, surpassing 2 million electrical, plug-in hybrid, and hydrogen-powered automobiles offered throughout the state. By 2035, all new vehicles and light-weight vans offered in California have to be zero-emissions automobiles, together with 50% of all new heavy vans.
Learn extra: New CA good grid regulation will assist photo voltaic and repair the grid by… merely changing wires
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