Political fever over EVs has Tesla expert buzzing with confidence

A prominent Tesla bull believes the latest developments provide leverage for a chess move.

Nov 27, 2024 - 11:30
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Political fever over EVs has Tesla expert buzzing with confidence

In an act of politically charged defiance, California Governor Gavin Newsom announced on November 25 that if President-Elect Donald Trump follows through with his plans to take away the federal EV tax credit, the state of California will reintroduce a program that can lend a hand buyers in finding themselves behind the wheel of a brand new electric vehicle.

This system in question is California's former Clean Vehicle Rebate program, which offered as much as $7,Five hundred to eligible state residents who met certain income requirements and desired to purchase or lease an eligible vehicle. By the point it changed into phased out in 2023, it provided over sixty six,000 rebates to low-income consumers at a value of more than $354 million.

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