Investing.com — California Governor Gavin Newsom said he would propose reinstating the state’s electric vehicle (EV) subsidy if the Trump administration eliminates the $7,500 federal EV tax credit.
The move underscores California’s commitment to advancing EV adoption, even without federal support. Newsom’s proposal would revive a program phased out in 2023 following the introduction of the Inflation Reduction Act (IRA).
Pro-EV policies like California’s could widen the gap in EV adoption rates among U.S. states, Barclays (LON:BARC) analysts say, as federal policies shift.
Additionally, California’s emissions waiver, which allows the state to set stricter vehicle standards, could become a target under a Trump administration.
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