Newsom Seeks $200 Million to Replace EV Tax Credits Cut by Trump

Core Viewpoint - California Governor Gavin Newsom is proposing a $200 million initiative to reinstate tax rebates for electric vehicle purchases in the state, compensating for the federal program that was terminated by former President Donald Trump [1]. Group 1: Proposal Details - The proposal requires approval from state lawmakers, who are currently negotiating the broader California budget with a deadline in July [2]. - Specifics regarding the new program, including the amount of individual rebates and eligible vehicles, are still under discussion according to a spokesperson from the California Air Resources Board [2]. Group 2: Market Impact - California is the largest electric vehicle market in the United States, and Newsom's proposal could significantly benefit struggling manufacturers [4]. - Following the loss of federal incentives, Tesla and other automakers experienced slowdowns and declines in electric vehicle sales in the fourth quarter, after a surge in purchases to take advantage of an expired $7,500 federal credit [5]. Group 3: Environmental Advocacy - The Natural Resources Defense Council, an environmental advocacy group, has expressed support for Newsom's proposal, emphasizing California's commitment to advancing clean energy and climate initiatives [6].