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California Plans to Revive EV Rebates if Trump Ends Federal Tax Credit

  • California plans to offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the federal EV tax credit, as stated by Gov. Gavin Newsom.
  • Newsom intends to propose a new version of the Clean Vehicle Rebate Program, which funded 594,000 cars and saved 456 million gallons of fuel before being phased out in 2023.
  • The new rebate program could be financed by the Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program, according to Newsom’s statement.
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