Gavin Newsom proposes California rebate program to protect EV incentives

In California, Governor Gavin Newsom announced plans to revive a rebate program for electric vehicle purchases due to potential cuts in federal EV tax credits under the Trump administration. This initiative comes after the previous Clean Vehicle Rebate Program was phased out in 2023, which successfully funded 594,000 electric vehicles and saved 456 million gallons of fuel. The proposed funding for this new rebate system may be sourced from the Greenhouse Gas Reduction Fund, financed by polluting industries under the state's cap-and-trade scheme. Newsom is expected to elaborate on the new proposals in Kern County, outlining how this program aims to stimulate innovation and competition in the zero-emission vehicle sector.