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California Ponders $3 Billion Subsidy for Electric Cars: All-Electric Europe by 2035, Worldwide by 2040?

Courtesy of Mish.

Currently, less than 3% of California vehicle sales are electric.

Assemblyman Phil Ting, a San Francisco Democrat, thinks that is not enough.

To induce drivers to purchase electric vehicles, California Considers a $3 Billion Electric-Car Rebate Push sponsored by Ting.

The bill has passed the state Assembly and is advancing in the state Senate, which is expected to take up the bill once it clears a final committee next month. Gov. Jerry Brown has set ambitious goals for zero-emissions vehicles; he hasn’t said whether he would sign this bill.

A $5,000 tax credit in Georgia helped the state become the second-largest electric vehicles market in the U.S. after California until the state tax credit was eliminated in July 2015, according to Edmunds, a website that tracks automotive sales. After the change, sales in Georgia fell to 2% of all U.S. electric vehicles sold in 2016 from 17% in 2014, according to the site.

Funds for the proposed rebate will come from existing programs, Mr. Ting said, with one source being the state’s cap-and-trade program, which requires industry in California to pay for greenhouse gas emissions. That program faces a key test on Monday, with state lawmakers having scheduled a vote on whether to extend the program from 2020 through 2030.

Make the Planet Great Again

The Telegraph reports France to ‘Ban All Petrol and Diesel Vehicles by 2040’.

France will outlaw the sale of all petrol and diesel vehicles by 2040, its new environment minister, Nicolas Hulot, has announced.

It will also ban any “new project to use petrol, gas or coal”, as well as shale oil, by that date.

The radical measures were unveiled at a press conference as part of French president Emmanuel Macron’s pledge to “make the planet great again”.

Europe All-Electric by 2035

Dutch bank ING says Electric Cars to Account for All New Vehicle Sales in Europe by 2035.


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