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Will the federal $7,500 EV tax credit be eliminated by December 31, 2024?
3
California•Gavin Newsom•Clean Vehicle Rebate Program•Donald Trump•Greenhouse Gas Reduction Fund•Newsom•Trump
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. Department of the Treasury or White House
Story
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.
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Similar markets
Yes • 50%
No • 50%
Eliminated • 33%
Reduced • 33%
Unchanged • 34%
Repealed • 25%
Reduced • 25%
Unchanged • 25%
Expanded • 25%