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

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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.”…



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


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.”…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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