Governor Newsom Wants CA Citizens to Pay For $7,500 EV Tax Credit, But No Teslas Allowed

Sometimes life gives you the gift of clarity. The incoming Trump administration has promised to eliminate the federal $7,500 EV credit. In response, California Gov. Gavin Newsom is proposing that the citizens of the state pick up the tab. Since over 80% of EV adopters live in the city with the largest percentage of EV owners having household incomes above $100,000, that means the poor will be subsidizing the wealthy so they can have their EV status symbol.

Lest we forget, the average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019. Because the average EV costs 25% more than the average car, the push to electric cars will only add jet fuel to the skyrocketing cost of automobiles.

(The Center Square) - California Gov. Gavin Newsom said if President-elect Donald Trump ends the $7,500 electric vehicle rebate program, he’ll get Californians to pay for new credits. However, the credits would not include Tesla, which is the most popular EV company and the only EV manufacturer in the state.

This comes weeks after Newsom and his administration passed new refinery and carbon credit regulations that will add up to $1.15 per gallon of gasoline and require Californians with gasoline-powered cars to earn up to another $1,000 per year in pretax income to afford.

“We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” said Newsom in a statement.

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