If a federal ZEV tax credit is eliminated, Gov. Newsom will propose creating a new version of the state’s Clean Vehicle Rebate Program
Sacramento, Calif.—California has surpassed two million zero-emission vehicles (ZEV) sold, which comes a little over two years after California eclipsed the one million ZEV sales mark.
To ensure the state’s continued progress, Governor Gavin Newsom has announced that if the incoming Trump Administration eliminates a federal ZEV tax credit, he will propose creating a new version of the state’s Clean Vehicle Rebate Program (CVRP), which was phased out in 2023. During its lifetime, the CVRP funded more than 594,000 vehicles.
The proposed California rebates, which would include changes to promote innovation and competition in the ZEV market, could come from the Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program. In the third quarter of 2024, Californians purchased 115,897 ZEVs, representing 26.4% of all new vehicle sales in the state.
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