California plan excludes Tesla from new EV tax credits, governor's office says

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Posted on 11/25/2024 3:29:25 PM PST by BenLurkin

Newsom said on Monday that if Trump eliminates a federal EV tax credit, he will propose creating a new version of the state’s Clean Vehicle Rebate Program that ended in 2023 and spent $1.49 billion to subsidize more than 594,000 vehicles.

Last month, a California official said he expects the Environmental Protection Agency to approve the state's plan to halt the sale of gasoline-only vehicles by 2035, a proposal that major automakers have met with skepticism. California's rules, which have been adopted by a dozen other states, require 80% of all new vehicles sold in the state be electric by 2035 and no more than 20% plug-in hybrid electric.

(Excerpt) Read more at reuters.com ...

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1 posted on 11/25/2024 3:29:25 PM PST by BenLurkin

To: BenLurkin

2 posted on 11/25/2024 3:32:04 PM PST by RoosterRedux (Emerson (paraphrased): "If you strike at the king, don't fail." The Democrats failed. )

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