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Newsom's New EV Rebate Framework Would Boost Musk's Tesla

California's $200 million EV rebate plan requires automakers to match incentives and targets vehicles priced under $55,000, covering about 20% of 2025 electric vehicle sales.

Summary by Transport Topics
California Gov. Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in the the state that would represent a major boost to Elon Musk’s Tesla and other EV makers in the state.

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Transport Topics broke the news in on Monday, February 2, 2026.
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