California EV Rebates May Omit Tesla Models
- by Transport Topics
- Nov 25, 2024
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Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision by state lawmakers aimed at spurring greater competition that’s likely to draw the ire of Elon Musk.
California Governor Gavin Newsom on Nov. 25 unveiled plans to offer state incentives to EV buyers if U.S. President-elect Donald Trump repeals a federal subsidy after he takes office next year. Newsom, a prominent Democrat and frequent critic of Republican politics, said in a statement that a program California phased out in 2023 could be rebooted to provide car buyers relief in lieu of a $7,500 tax credit targeted by Trump.
The governor’s office told Bloomberg News that the current proposal includes market-share limitations that would exclude Tesla’s popular EV models. The details will be under negotiation with the state legislature and could change.
“It’s about creating the market conditions for more of these car makers to take route,” according to the governor’s office.
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