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In reply to the discussion: The great EV pullback has begun (The Verge) [View all]usonian
(19,329 posts)9. The subsidies, IMO, are to encourage non-polluting vehicles (which is why Trump is removing them) and
Note. CA is proposing to take up the slack.
https://www.businessinsider.com/california-proposes-ev-buyer-credit-excludes-elon-musk-tesla-2024-11
Gov. Gavin Newsom's proposal for an EV-buyer credit would exclude Elon Musk's Tesla models.
Nov 25, 2024
Newsom said Monday that if the $7,500 federal tax credit was eliminated, he would restart the state's rebate program for zero-emission vehicles, which was phased out in 2023.
The governor's office confirmed to Business Insider that the rebate program could include a market-share cap, which could exclude Tesla or other EV makers. The office did not share details about what market-share limit could be proposed and said the proposal would be subject to negotiations in the California Legislature.
A market-share cap would exclude companies whose sales account for a certain number of total electric-vehicle sales. For instance, Tesla accounted for nearly 55% of all new electric vehicles registered in California in the first three quarters of 2024, a report from the California New Car Dealers Association said. By comparison, the companies with the next-highest EV market share in California were Hyundai and BMW, with 5.6% and 5%, respectively.
Tesla sales in California, the US's largest EV market, have recently declined even as overall sales in the state have grown. Though the company still accounted for a majority of EV sales in California this year as of September, its market share fell year over year from 64% to 55%.
The governor's office said the market-share cap would be aimed at promoting competition and innovation in the industry.
A market-share cap would exclude companies whose sales account for a certain number of total electric-vehicle sales. For instance, Tesla accounted for nearly 55% of all new electric vehicles registered in California in the first three quarters of 2024, a report from the California New Car Dealers Association said. By comparison, the companies with the next-highest EV market share in California were Hyundai and BMW, with 5.6% and 5%, respectively.
Tesla sales in California, the US's largest EV market, have recently declined even as overall sales in the state have grown. Though the company still accounted for a majority of EV sales in California this year as of September, its market share fell year over year from 64% to 55%.
The governor's office said the market-share cap would be aimed at promoting competition and innovation in the industry.
ARGGGHHH Right wingers are against competition and innovation!!! Monopoly and double-time backwards march!!
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Solid state EV's will be available right around the time Trump leaves office.
Fiendish Thingy
Jul 12
#5
The subsidies, IMO, are to encourage non-polluting vehicles (which is why Trump is removing them) and
usonian
Jul 12
#9
Even though you would save $3500 per year on gas, you wouldn't have bought an EV without a $7500 tax credit
MichMan
Jul 13
#20
Yes and the student loan for the totally unnecessary degree I was required to get to keep my job..
haele
Jul 14
#45
If your degree was as useless as you describe, just how does it benefit the general public, both now and in the future ?
MichMan
Jul 14
#46
How about the subsidies for the oul and gas companies which dwarf the ev subsidies
mahina
Jul 13
#36
price sells cars. lower the price enuff and they will fly off the lots...so to speak nt
msongs
Jul 12
#7
If the UAW wants to compete, they can either cut their wages in half or face plant closings, right?
MichMan
Jul 13
#19