California Legislature Considers Spending $3B to Help People Buy Electric Cars

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The $35,000 base price of Tesla's Model 3 car could drop by more than $16,000 if a more aggressive state rebate program proposed by a San Francisco assemblyman is adopted. (Credit: Tesla)

The $35,000 base price of Tesla's Model 3 car could drop by more than $16,000 if a more aggressive state rebate program proposed by a San Francisco assemblyman is adopted. (Credit: Tesla)

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.