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US Federal Government Axes Tax Breaks for New Energy Vehicles; California Counters with Local Subsidy Initiative
14 hour ago /
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Author：小编
On the 13th, Gavin Newsom, the Governor of California, put pen to paper on Bill SB 168, ushering in a fresh wave of immediate subsidy schemes for Zero-Emission Vehicles (ZEVs) within the state. As stipulated by the bill, the California government will earmark $135.5 million, mandating that participating automakers match this sum, thereby collectively setting up a subsidy fund of roughly $270 million aimed at facilitating 'first-time electric vehicle acquisitions'. California households opting to purchase an electric vehicle for the inaugural time will be eligible for instant cashback rebates right at the point of sale, eliminating the need to await subsequent tax refunds.
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