Governor Gavin Newsom announced that California may implement state tax rebates for electric vehicle purchases following the potential elimination of federal EV tax credits by the incoming Trump administration.
The proposed new version of California's Clean Vehicle Rebate Program aims to reinstate incentives for electric vehicle purchases after the previous program funded 594,000 cars.
Funding for the new rebate system could be sourced from the Greenhouse Gas Reduction Fund, which derives its finances from polluters under California's cap-and-trade program.
While campaigning, Donald Trump promised to abolish federal EV tax credits, valued at up to $7,500 for new vehicles, but later moderated his position.
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