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California Plans to Revive EV Rebates if Trump Ends Federal Tax Credit

  • California plans to offer $7,500 rebates for electric vehicle purchases if the incoming Trump administration ends the federal EV tax credit, announced by Governor Gavin Newsom.
  • Newsom will propose a new version of the Clean Vehicle Rebate Program, which previously funded 594,000 cars and saved 456 million gallons of fuel.
  • The funding for the new rebates could come from the Greenhouse Gas Reduction Fund, supported by polluters under California's cap-and-trade program.
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