Tesla Bailout Bill Scrapped

Sep 6, 2017

California politicians ended a $3 billion bill that increased subsidies for electric vehicles. Critics of the legislation said that the bill “was short on details and failed to demonstrate exactly where the money would come from to pay for it.” The bill originally would have raised taxes on utilities but that was stripped. The legislation would have lowered rebates for “hydrogen and hybrid car purchases” and increased them for electric vehicles such as Tesla. Critics called it the “Tesla bailout.” The subsidy legislation was originally designed to help meet Governor Jerry Brown’s “goal of putting 1.5 million electric vehicles on the roads by 2025.” After killing the bill, lawmakers proposed that California’s Air Resources Board “research the best ways to provide electric vehicle rebate legislation by the end of 2018.
http://freebeacon.com/issues/california-senate-scr...