California's EV Credit Plan May Exclude Tesla Amid Federal Tax Credit Uncertainty
TL;DR Summary
California Governor Gavin Newsom plans to reinstate the state's electric vehicle (EV) rebate program if the federal tax credit is eliminated by the Trump administration. However, the proposal may exclude Tesla due to a market-share cap, which aims to promote competition. Tesla, which holds a significant share of California's EV market, could be affected by this exclusion. Elon Musk criticized the potential exclusion, despite previously supporting the end of the federal tax credit. The rebate would be funded by the state's Greenhouse Gas Reduction Fund.
- California proposes its own EV buyer credit — which could cut out Elon Musk's Tesla Business Insider
- Gavin Newsom threatens intervention if Trump kills Biden's $7.5K EV tax credit Fox News
- Rebates all around but not for Tesla POLITICO
- As California achieves historic milestone, Governor Newsom commits to restarting state’s ZEV rebate program if federal tax credit is eliminated Office of Governor Gavin Newsom
- Automakers to Trump: Please Require Us to Sell Electric Vehicles The New York Times
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