Overview
- Governor Gavin Newsom is set to unveil the $200 million electric-vehicle incentive proposal next week as part of his budget to sustain EV adoption after federal tax credits ended.
- The draft design would offer immediate point-of-sale incentives for new or used zero-emission vehicles, limited to first-time EV buyers in California.
- Manufacturers would be required to match the state contribution dollar-for-dollar, and eligible vehicle prices would be capped in line with prior federal thresholds.
- Per-vehicle rebate amounts have not been finalized, and the program must be enacted by the California Legislature before it can launch.
- CARB officials are meeting automakers in Detroit this week to discuss greenhouse gas regulations, with GM confirming the sessions, as the industry adjusts to changed incentives and market conditions.