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California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday.
Gov. Gavin Newsom of California said he'd restart a rebate program if Trump ended the federal EV tax credit, but Tesla models could be excluded. California proposes its own EV-buyer credit ...
EVs account for 22% of California sales - or 293,000 through Sept. 30 - and it is unclear how much the state program would cost and if it would include the federal $4,000 tax credit for used EVs ...
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
California is prepared to offer state tax rebates for electric vehicle purchases if the ... Car dealers can get a tax credit on cars made outside the U.S. and leased to customers. ... That program ...
Elon Musk blew up in a post on X after California Gov. Gavin Newsom floated the possibility of providing tax credits for buyers of electric vehicles that might not include Tesla.
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [4] [5] Vehicles purchased after December 31, 2010 are not eligible for this credit.
SEE ALSO: California could offer electric vehicle rebates if Trump eliminates tax credit, Newsom says Prices for e-bikes range from about $600 to around $4,000, according to Consumer Reports.