Elon Musk’s Tesla could miss out on lucrative tax rebates in California for electric vehicles being considered by the state’s Democratic governor, Gavin Newsom.
The proposals Newsom unveiled on Monday are part of the governor’s broader effort to insulate California from Donald Trump, the president-elect who has threatened to roll back green subsidies and is widely expected to eliminate the federal EV tax credit after he takes office in January.
Should Trump make good on his pledge to do away with the federal tax credit — worth as much as $7,500 for purchased or leased vehicles — Newsom said California, the country’s most-populous state with 39mn residents, would set up its own scheme.
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