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California EV Tax Credit Plan Stalls Amid Budget Woes

9/25/2025

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Summary

Story summary

Gavin Newsom says California's plan to replace federal $7,500 EV tax credit with state subsidies has stalled.
Newsom blames General Motors for the setback amid a budget deficit and funding shortfall.
California residents will absorb the cost difference after the federal credit expires on September 30.
A loophole lets buyers with contracts before the deadline still claim the federal credit.

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Story summary

Gavin Newsom says California's plan to replace federal $7,500 EV tax credit with state subsidies has stalled.
Newsom blames General Motors for the setback amid a budget deficit and funding shortfall.
California residents will absorb the cost difference after the federal credit expires on September 30.
A loophole lets buyers with contracts before the deadline still claim the federal credit.