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Governor Gavin Newsom (D-CA) on Wednesday unveiled a new EV rebate program in the state that could provide a major boost to Tesla Inc.‘s (NASDAQ:TSLA) Semi truck sales.
$1 Billion EV Rebate
Newsom took to X to share the news, saying that the rebate program would take effect from June 26, where “authorized retailers will have rebates of $7,500 to $120,000.” Newsom also reaffirmed California’s stance on EVs. “While Trump forfeits American automotive leadership, we’re continuing to dominate in the space,” he said.
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