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.
and leased to customers. They often lower the lease price to match but are not required to. On the campaign trail, Trump promised to end the EV tax credits. He has softened that tone in recent months as Tesla Chief Executive Elon Musk has emerged as a key financial supporter and advisor. Until it was phased out in 2023, California offered rebates on electric cars as high as $2,500.
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