"California has decided that if the U.S. government is going to slash electric-vehicle incentives, it needs to keep the momentum going itself with $200 million in state funds to promote cleaner cars. California Gov. Gavin Newsom's latest proposal reveals a bit more about how exactly it plans to plug the gap. The program's finer details are still hazy. But we know this: The policy would require manufacturers to match the state's contribution dollar-for-dollar, effectively doubling the incentive."
"And it would apply to both new and used vehicles that meet certain criteria. Here's what the California Air Resources Board tells us about the program: Incentives will be offered immediately at the point of salereducing upfront costs for consumers and avoiding implementation delaysfor the sale or lease of new, or the purchase of used, light-duty passenger zero-emission vehicles (ZEVs) to first-time ZEV buyers in California."
California proposes a $200 million state-funded EV incentive program requiring manufacturers to match state contributions dollar-for-dollar, effectively doubling incentives. The program will apply to both new and used light-duty passenger zero-emission vehicles that meet specified criteria. Incentives will be offered immediately at point-of-sale to reduce upfront costs and avoid implementation delays for sale, lease, or purchase transactions. Eligibility will be limited to first-time ZEV buyers to expand the market by introducing new consumers to ZEV technology. The policy aims to maintain ZEV adoption, foster innovation, improve public health, and reinforce California's leadership in the transition to zero-emission transportation.
Read at insideevs.com
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