Source: Newsweek Magazine
A new law that would expand California's electric vehicle rebate hinges on the approval of Governor Gavin Newsom.
Newsom has until September 30 to approve or deny AB 2401, which would expand the state's Clean Cars 4 All program.
... "The bill aims to direct more rebates to low-income households in communities with poor air quality," Kevin Thompson, a finance expert and the founder and CEO of 9i Capital Group, told Newsweek. "These programs are seen as essential for promoting cleaner transportation and are designed to funnel more funding into lower-income areas."
... "Clean car rebates have previously gone to drivers who typically don't need the financial help," Assemblymember Philip Yu-Li Ting said, as reported by local station KEYT. "Now is the time to turn our attention to working families who often live in areas with poor air quality and cannot afford to switch to a zero-emission vehicle. Investing in them will bring fairness and equity to the program, while also accelerating the environmental benefits for the state."