California Gov. Gavin Newsom aims to revive state rebates for electric vehicles that lapsed in 2023, dependent on the fate of federal $7,500 IRA credits.
The auto industry is pressing Trump to maintain EV subsidies, displaying solidarity among manufacturers that recognize the value of incentives to promote a transition to electric vehicles.
Trump’s plans regarding EV tax credits are uncertain. His approach could significantly shape the market's direction and whether gas-powered and electric vehicles can coexist.
Newsom's potential rebate plan for EVs may exclude major players like Tesla, with discussions still pending between his office and state legislators regarding fiscal restraints.
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