California Governor Gavin Newsom announced plans to offer state rebates for electric vehicles if the federal EV tax credit is revoked by the incoming Trump administration.
Newsom emphasized California's commitment to clean transportation, stating the rebates would ensure affordability for residents purchasing zero-emission vehicles. This initiative aims to counteract potential federal policy changes.
The proposed rebates would revive California's Clean Vehicle Rebate Program, which previously funded over 594,000 vehicles. Funding would likely come from the state's Greenhouse Gas Reduction Fund, supported by a cap-and-trade program.
This move comes as the incoming Trump administration considers cutting the $7,500 federal EV tax credit introduced under President Biden's Bipartisan Inflation Reduction Act. Newsom's proposal underscores California's determination to maintain its progress towards a clean energy future, regardless of federal policy shifts. For more on related topics, see CEOs to Copy Tim Cook's Trump Strategy, Apple CEO Meets China's Premier Over Trade Concerns, and Deals on Discontinued Apple Products After Fall 2024 Announcements.