California Considers State EV Rebates Amid Federal Tax Credit Uncertainty

1 min read
Source: Fortune
California Considers State EV Rebates Amid Federal Tax Credit Uncertainty
Photo: Fortune
TL;DR Summary

California Governor Gavin Newsom has proposed a plan to exclude Tesla from state EV buyer rebates, potentially reigniting tensions with Tesla CEO Elon Musk. The proposal aims to create market conditions favorable to other car manufacturers, but it could exclude Tesla due to market-share limitations. This move comes as Tesla's market share in California declines, despite still leading in EV sales. The proposal is part of a broader strategy to counter potential federal policy changes under President-elect Donald Trump, who has criticized EV subsidies.

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