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

  • California plans to offer state tax rebates for electric vehicles if the Trump administration eliminates the federal tax credit, according to Governor Gavin Newsom.
  • Newsom intends to revive the Clean Vehicle Rebate Program, which funded 594,000 cars before its phase-out in 2023.
  • The new rebates may be funded by the state's cap-and-trade program and could exclude Tesla to boost market competition, as stated by the governor's office.
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