California could keep the $7,500 EV credit alive if Trump kills the cost-saving measure, Newsom says
https://www.cnn.com/2024/11/25/climate/newsom-california-ev-tax-credit/index.html?utm_medium=social&utm_source=reddit
by cnn
California could keep the $7,500 EV credit alive if Trump kills the cost-saving measure, Newsom says
https://www.cnn.com/2024/11/25/climate/newsom-california-ev-tax-credit/index.html?utm_medium=social&utm_source=reddit
by cnn
3 comments
[California Gov. Gavin Newsom announced](https://www.cnn.com/2024/11/25/climate/newsom-california-ev-tax-credit/index.html?utm_medium=social&utm_source=reddit) Monday he will provide $7,500 electric vehicle rebates for his state if President-elect Donald Trump and congressional Republicans dismantle the federal credit – one of several consumer cost-saving measures in President Joe Biden’s climate bill.
It’s the first of what could be several issues the California governor challenges Trump on, positioning himself as a clean energy leader. Three days after the election, Newsom called on the state legislature to hold a special session to Trump-proof its progressive policies.
Trump has promised to kill federal tailpipe rules that would push carmakers to produce more fuel-efficient hybrids and electric vehicles, and Republicans in Congress are expected to attempt to get rid of tax subsidies for cleaner vehicles.
On Monday, Newsom promised to step in to save the rules in his state, which has led the US in the number of EVs on the road every year since 2016. The governor proposed funding the new rebates from the state’s cap-and-trade program, which industrial polluters are required to pay into under state law.
Great I can’t wait to find out how exactly I as a ten year old car driver get to pay to subsidize these new car buyers.
California should allow these tax credits for any electric car company except Tesla
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