Trump previously vowed to end federal electric vehicle tax credits, which are worth up to $7,500 for new zero-emission vehicles. There’s also a $4,000 credit for used ones. But Trump later softened his stance as Tesla CEO Elon Musk became a supporter and adviser. Trump criticized Newsom...
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit. Newsomsaid in a press statementhe is proposing a new version of the state'sClean Vehicle Rebate...
California Gov. Gavin Newsom may excludeTesla and other automakersfrom an electric vehicle (EV) rebate program if the incoming Trump administration scraps a federal tax credit for electric car purchases. Newsom proposed creating a new version of the state’s Clean Vehicle Rebate Program, which was...
ELECTRIC YEAR:Pacific Gas & Electric is delivering for shareholders, the company reported in itsfourth-quarter earnings calltoday. Shareholder profits last year were a record-high $2.48 billion, at $1.15 per share, as compared to $2.24 billion in 2023, at $1.05 per share. The company also i...
Tesla dominated electric vehicle registrations in California in 2023, but the growth of EVs as a whole turned out to be the true winner in the state as adoption saw a 5 percent uptick. Tesla saw a 24.6 percent increase in registrations in 2023 compared to 2022, and it held a 60.5 percent...
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The affordable Chevy Bolt models were GM's top electric sellers in 2023. But they are based on older technology and were money-losers for the automaker. With its relaunch in 2025, the Bolt will get numerous new EV and safety features. Notice I said all that in the past tense, as the...
The affordable Chevy Bolt models were GM's top electric sellers in 2023. But they are based on older technology and were money-losers for the automaker. With its relaunch in 2025, the Bolt will get numerous new EV and safety features. ...
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