California Legislature Considers Spending $3B to Help People Buy Electric Cars
Over seven years, the state of California has spent $449 million on consumer rebates to boost sales of zero-emission vehicles.
So far, the subsidies haven’t moved the needle much. In 2016, of the just over 2 million cars sold in the state, only 75,000 were pure-electric and plug-in hybrid cars. To date, out of 26 million cars and light trucks registered in California, just 315,000 are electric or plug-in hybrids.
The California Legislature is pushing forward a bill that would double down on the rebate program. Sextuple down, in fact.
If $449 million can’t do it, the thinking goes, maybe $3 billion will.
Read the full story on LATimes.com.