Managing Automotive

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Managing Automotive

California bill would boost electric car rebates by $3 billion, but where will the money come from?

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California bill would boost electric car rebates by $3 billion, but where will the money come from?

Over seven years, California has spent $430 million on low-emission vehicle subsidies to help lower the cost for car buyers. Now the state Legislature is looking to extend that by another seven years, but with a price tag of $3 billion. Assembly Bill 1184 is being slammed for leaving basic questions unanswered, including the biggest one: Where would the money come from?

[Los Angeles Times]

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