California Gov. Gavin Newsom said he would make Californians pay new credits if President-elect Donald Trump ends a $7,500 electric vehicle rebate program. [emphasis, links added]
However, Those points don't include Tesla, the state's most popular electric vehicle company and the only electric vehicle manufacturer.
A few weeks ago, Newsom and his administration passed new refinery and carbon credit regulations, It would add $1.15 per gallon and require Californians with gasoline-powered cars to earn up to an additional $1,000 a year in pre-tax income to afford it.
“If the Trump administration eliminates federal tax credits, we will intervene to double our commitment to clean air and green jobs in California,” Newsom said in a statement.
Tesla CEO Elon Musk took to social media platform Newsom staff told Bloomberg that Tesla models are not eligible for California tax rebates.
“Tesla is the only company making electric cars in California,” Musk said. “This is crazy.”
Musk recently moved SpaceX and X out of California, citing a new law signed by Newsom that prohibits notification to parents of gender change requests for K-12 students.
The credits will be paid for through California’s cap-and-trade program, which requires carbon emitters to purchase credits from the state— Costs are often passed on to consumers in the form of more expensive gasoline, energy and even concrete.
Emitters buy billions of dollars worth of credits from California every year, The state's $135 billion high-speed rail project received most of the revenue.
California Resources Council — All but two voting members are appointed by the Governor — $105 billion in electric vehicle charging credits and $8 billion in hydrogen charging credits were recently approved, paid primarily by drivers of gasoline and diesel trucks.
Center Square Survey Discovery The change was driven by electric vehicle manufacturers and manufacturers of electric vehicle charging systems.
The buyer of an electric vehicle charger pays the energy bill and owns the charger, signs an installation contract, Permanently waives the right to government or other electric vehicle charging credits generated by using electronics instead of gasoline to fuel the vehicle.
These chargers are often bundled with the purchase of an electric vehicle or are fully covered by utility or government rebates, This means that they are a permanent, zero- or low-cost source of revenue for the companies that earn the points.
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