California's governor plans to set aside $200 million for state EV tax credits

2 months ago 5

The loss of the federal EV tax credits may have been a huge blow to prospective buyers, but California wants to fill that gap for its residents. Governor Gavin Newsom's proposed budget for 2026-2027, which was released on Friday, includes a "light-duty zero-emission vehicle (ZEV) incentive program" that details a one-time infusion of $200 million.

According to the budget summary, this incentive program is "a critical part of the Administration's strategy to keep ZEVs affordable and accessible for all." The proposed budget still has to make it through the state's legislature later this year, but if passed, the new incentive would help continue the momentum of EV adoption across California. In the third quar...

Source: https://www.engadget.com/transportation/evs/californias-governor-plans-to-set-aside-200-million-for-state-ev-tax-credits-194446449.html?src=rss

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