Newsom’s proposed EV rebate under fire, as Tesla may not qualify [Video]

Governor Gavin Newsom is promising to continue the electric vehicle rebate program in California, but his new proposal could exclude Tesla through a market share cap.

This would all happen if the upcoming Trump administration cuts federal funding for EVs.

Right now, folks who buy an EV can receive a federal tax credit of up to $7,500, but President-Elect Donald Trump has threatened to end federal funding, despite his close relationship with Tesla maker Elon Musk.

Governor Gavin Newsom proposed a revival of the state’s “Clean Vehicle Rebate Program” to replace the federal funds in jeopardy. 

In a statement on Monday, Governor Newsom said, “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.”

The governor’s office said the proposal includes a state-funded rebate and a potential market cap to encourage competition. 

The market cap could exclude companies whose sales …