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 as we speak.
November 26 replace: Tesla’s EVs could also be neglected 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 assist of ending the federal EV tax credit score, however he wasn’t completely satisfied about Tesla’s exclusion from the California state EV tax rebate. He posted on X/Twitter:
Though 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 yr that SpaceX and X will make the identical transfer.
Trump has repeatedly mentioned that he would eradicate the $7,500 EV tax credit score for brand new autos and $4,000 for used autos created by the Biden administration’s Inflation Discount Act if he received the election.
In response, Newsom as we speak 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 autos and saved greater than 456 million gallons of gasoline.
Newsom’s announcement says that funding for the state EV tax rebates might come from the “Greenhouse Gasoline Discount Fund, which is funded by polluters beneath the state’s cap-and-trade program.”
Newsom mentioned in a press release:
We are going to intervene if the Trump administration eliminates the federal tax credit score, doubling down on our dedication to scrub air and inexperienced jobs in California.
We’re not turning again on a clear transportation future – we’re going to make it extra reasonably priced for folks to drive autos 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 as we speak. The governor would wish the backing of the state legislature to revive the rebate program.
California continues to steer the US in zero emissions automobile adoption, surpassing 2 million electrical, plug-in hybrid, and hydrogen-powered autos offered throughout the state. By 2035, all new automobiles and light-weight vehicles offered in California should be zero-emissions autos, together with 50% of all new heavy vehicles.
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