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 has vowed to intervene if President-elect Trump moves to eliminate the electric vehicle tax credit passed in President Biden's Inflation Reduction Act.
If Trump scraps the tax credit, California could revive its own Clean Vehicle Rebate Project, which ran until November 2023, granting rebates of up to $7,500 for people buying battery-powered cars, a press release said. California leads the nation in electric vehicle adoption, and ...
The federal tax credit for electric car purchases has an end in sight, but California doesn't want demand for the zero-emissions vehicles to meet the same fate. The state, long a champion of electric cars, is considering a bill to provide rebates to electric vehicle buyers at the time of...
Tom Wait takes an in depth look at California Governor Gavin Newsom's announcement that the state would look to renew a rebate program for electric vehicle owners if president-elect Donald Trump's administration nixes the current federal tax credit.Nov 26, 2024...
To the editor:So, still working at the age of 76 at an hourly job, I get to help pay for folks who may be buying a $50,000 electric vehicle? (“California to offer EV rebates if Trump kills $7,500 tax credit, Newsom says,” Nov. 25) ...
Colorado beat California in the electric vehicle (EV) race. The Centennial state now has the highest EV market share compared to any state in the US, reported the Northeast States for Coordinated Air Use Management (NESCAUM). “Coloradans are purchasing electric vehicles at a higher rate than ...
In summary, if you take into consideration this Federal Tax Credit and the state’s Clean Vehicle Rebate (will be discussed in Part 2), you can end up paying (much) less for an electric car. For example, 2016 Chevy Volt PHEV has an MSRP of $33,995, but you can get $9,0...
Whatever program replaces the federal tax credit of $7,500 after it expires in December, 2016 will likely take a much different approach toward encouraging the sale of alternative fuel vehicles. Some people think the government should be doing more to promote electric charging infrastructure rather...
If you’re in the market for a new electric vehicle in 2024, you finally have a wealth of options across most vehicle categories. Yet more than a decade into this period of rapid EV growth, there are still only a handful of entry-level options available in North America. Not everyone is...