California Won’t Replace $7,500 EV Tax Credits While Newsom Blames GM For Selling Out
California’s governor says the state can’t afford to replace federal tax credits.
The program of offering up to $7,500 of credits against an EV ends this month.
President Biden introduced the scheme, but Pres. Trump cancelled it this year.
No state buys more electric vehicles than California, but some drivers might now think twice after Governor Gavin Newsom confirmed he won’t offer financial incentives to replace the soon-to-disappear tax credits program.
https://www.msn.com/en-us/autos/news/california-won-t-replace-7-500-ev-tax-credit-as-newsom-accuses-gm-of-selling-out/ar-AA1N4NQE?ocid=msedgdhp&pc=HCTS&cvid=68d2790152c64559bef72ad7cfe91e5c&ei=70 President Trump’s decision to axe the previous Biden administration’s $7,500 of tax credits against an EV purchase means the nationwide subsidies will cease at the end of this month. Some Californians, clean air campaigners, and several automakers had hoped Newsom would step in to offer state aid to replace the federal incentives, something he himself had previously pledged. But last week, he told reporters it was unaffordable.
No Safety Net from Sacramento
