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Governor Newsom’s $1.5 billion plan for electric cars in California shifts rebate money to equity programs

California Gov. Gavin Newsom

Gov. Gavin Newsom’s plan to spend $1.5 billion to speed up California’s move to electric vehicles would amount to a sharp change in the state’s strategy on who should receive subsidies for zero-emission cars.

Newsom wants to erase most state funding for a popular rebate program for new-car buyers, money that has overwhelmingly gone to drivers with annual incomes above $100,000.

Instead, he’s asking lawmakers to spend big in two other areas: building a large network of vehicle charging and refueling stations, and increasing subsidies to help lower-income buyers afford the higher price tag of electric models.

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