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Tesla would likely be excluded from new California EV tax credits, governor's office says

Economic TimesEconomic Times · 22d
Tesla would likely be excluded from new California EV tax credits, governor's office says

California's proposed state tax credits for electric vehicles (EVs) might not apply to Tesla cars if President-elect Donald Trump eliminates the federal tax credit for EV purchases. Governor Gavin Newsom's office stated that Tesla would not qualify under this scenario. The potential removal of the federal tax credit is being considered by Trump's transition team. Elon Musk, Tesla's CEO, who is an advisor to Trump, criticized the idea. Newsom plans to propose a new version of California's Clean Vehicle Rebate Program to compensate for the loss of federal support. The state, facing a $2 billion budget deficit, aims to have 80% of new vehicles sold in California be electric by 2035.

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