California's Newsom Proposes EV Rebates Amid Potential Loss of $7,500 Federal Credit

Nov 25, 2024, 05:37 PM

California Governor Gavin Newsom has announced plans to revive the state's Clean Vehicle Rebate Program if President-elect Donald Trump eliminates a $7,500 federal tax credit for electric vehicles (EVs). This move aims to support clean vehicle adoption in California, ensuring that residents continue to have financial incentives to purchase zero-emission vehicles. The state's initiative would be funded by California's Greenhouse Gas Reduction Fund, which is supported by contributions from polluters. Newsom's proposal comes in response to potential federal rollbacks on EV incentives by the Trump administration, highlighting a commitment to clean air and green jobs within the state.