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CPA Practice Advisor · Jan 12, 2026

Newsom’s Budget Includes $200M to Make Up for Trump’s Canceled EV Tax Credits

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Newsom’s Budget Includes $200M to Make Up for Trump’s Canceled EV Tax Credits. General industry update.

Summary

Gov. Gavin Newsom on Jan. 9 doubled down on California’s commitment to electric vehicles with proposed rebates intended to backfill federal tax credits canceled by the Trump administration.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

state

Affected Groups

State and local tax specialists

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article