California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit
FILE - An electric vehicle is charged at a parking garage in Los Angeles, Oct. 17, 2018. , which was phased out in 2023 after funding 594,000 cars and saving 456 million gallons of fuel, Newsom’s office said.
Newsom’s proposal is part of his plan to protect California's progressive policies ahead of Republican President-elect Donald Trump's second term. He called the state Legislature to convene inBut a budget shortfall could complicate California’s resistance efforts. Early budget projections show the state could face a $2 billion deficit next year, according to a report released last week by the nonpartisan Legislative Analyst’s Office.
Officials didn’t say how much the program would cost or how the rebates would work. Newsom is expected to offer more details of the possible rebate program during an appearance in Kern County later Monday. Trump criticized Newsom on social media after the governor called for a special session, calling out the high cost of living in California and the state’s homelessness crisis. Trump said Newsom was “stopping all of the GREAT things that can be done to ‘Make California Great Again.’”
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