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Author Topic: Newsom Passes Law to Offer $3,500 EV Rebates  (Read 42 times)

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Offline rangerrebew

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Newsom Passes Law to Offer $3,500 EV Rebates
« on: Today at 07:36 am »
Newsom Passes Law to Offer $3,500 EV Rebates
 
Monday, 13 July 2026 11:58 AM EDT
 

California Governor Gavin Newsom signed legislation Monday to create state rebates of $3,500 ‌on ​new electric vehicles for first-time ⁠buyers later this summer ​as U.S. sales have ⁠slowed.

The $270 million rebate program for California ‌residents is funded ​by the state ‌budget and ‌automakers and applies to new vehicles with a ⁠suggested retail ‌price ⁠of up to $50,000.

⁠It ⁠also includes a separate $1,750 rebate ‌for used EVs costing up to $25,000.


Last ‌year, ​President ‌Donald Trump signed legislation killed the ​federal $7,500 EV tax credit.

https://www.newsmax.com/finance/streettalk/california-governor-gavin-newsom-ev-rebate/2026/07/13/id/1262650/
« Last Edit: Today at 07:38 am by rangerrebew »
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“Our government teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.” Louis D. Brandeis

Offline rangerrebew

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Re: Newsom Passes Law to Offer $3,500 EV Rebates
« Reply #1 on: Today at 07:41 am »
He chased out the oil companies so he has to try and provide transportation of some sort without needing gas.  But he has also chased out billions and billions of dollars in other companies and the wealthy so it will be interesting to see how he finances this. :pondering:
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“Our government teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.” Louis D. Brandeis
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