Tesla excluded from EV buyer credits in California proposal

Published On Nov 25, 2024, 3:04 PM

California's Governor Gavin Newsom has proposed excluding Tesla's electric vehicles from consumer rebates to promote competition among EV manufacturers. The decision is part of a larger strategy aimed at reintroducing state incentives for EV buyers should federal subsidies be cut under the incoming Trump administration. Tesla's current market dominance is slipping, as it now accounts for a decreasing share of EV sales in California, with a recent reported decline of 12.6% in sales. The proposal may create friction between the Governor and Musk, given Tesla's headquarters move to Texas and Musk's previous criticisms of California regulations.

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Tesla is facing potential sales declines and market share losses due to the exclusion from California's EV incentives. This could lead to reduced consumer interest in Tesla models compared to other eligible manufacturers.

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