California Governor Newsom to Propose New EV Rebate Amid Trump Tax Credit Controversy

Reported about 5 hours ago

California's Governor Gavin Newsom plans to introduce a clean vehicle rebate program if President-elect Donald Trump eliminates the federal EV tax credit, which could leave Tesla vehicles ineligible for state credits. The proposal aims to revive California's Clean Vehicle Rebate Program that ended in 2023, which had previously supported over 594,000 vehicles. The initiative might be funded by the Greenhouse Gas Reduction Fund and is intended to promote competition and innovation in the EV market, despite ongoing tensions between Newsom and Tesla's Elon Musk.

Source: YAHOO

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