California considering tax to fund electric vehicles and charging infrastructure

California’s Proposition 30 will allow residents to vote on a tax increase for those earning more than $2 million a year to fund incentives for electric vehicles and charging infrastructure.

According to the upcoming ballot initiative, to help fund California’s aggressive climate goals and help the state transition to electric vehicles, approval of Proposition 30 would raise taxes by 1.75% for those who win. over $2 million per year. Specifically, the state would use the money raised to fund incentives for electric vehicles, charging infrastructure and wildfire protection.

According to the latest survey conducted by the California Institute of Public Policy, in July, 63% of respondents supported the proposal, while 35% opposed it. And if passed, the tax rate on annual income of $2 million would drop from 13.3% to 15.05%.

Proponents of the bill said the proposal would be a crucial part of meeting California’s climate goals. However, opponents believe corporate interests are trying to avoid paying for new charging infrastructure or electric vehicles for their fleets.

Most of the criticism has been directed at Lyft, which has invested more than $15 million to support the bill, according to Ballot. And that criticism has come from some of the most influential voices in the state. California Governor Gavin Newsom said: “Sustain. 30 is a special interest exclusion – a cynical ploy devised by a single corporation to funnel state tax revenue into its business,” according to ABC7 Los Angeles.

At the same time, California is facing a federal lawsuit from a group of 17 states over the controversial 2035 ban on new ICE vehicles. California, and if they are prevented from acting, the state may have to transfer funds if ICE vehicles continue to sell after 2035.

The proposal will be available for Californians to vote on later this year, but it’s still unclear what the current sentiment is or the likelihood of the bill passing.

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California considering tax to fund electric vehicles and charging infrastructure






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