"Newsom says the potential state EV rebates could be funded by polluters under California’s cap-and-trade program. Trump promised on the campaign trail to end the EV tax credits of up to $7,500 a vehicle."
"California is prepared to offer state tax rebates for electric vehicle purchases if the incoming Trump administration scuttles the federal EV tax credit, according to Gov. Gavin Newsom.
“We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” Newsom said in a statement.
The money “could come from the Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program,” Newsom’s statement said. That fund pays for clean transportation, sustainable housing, renewable energy, water recycling and other programs."
Russ Mitchell reports for the Los Angeles Times November 25, 2024.
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