Tuesday, November 26, 2024

Tesla is the only car brand to lose tax subsidies

In California, a political majority plans to remove the tax support for electric cars – but only those built by Tesla. Governor Gavin Newsom says so.

Tesla, as the latest car brand, has been deprived of the possibility of tax subsidies in California. The decision comes at the same time that the state plans to reinstate its subsidies for electric cars if the general subsidy for electric cars under the Trump administration is removed.

Tesla CEO Elon Musk has reacted strongly to the political decision.

– This is insane, writes Musk on his own social media "X" – the former Twitter.

Governor Gavin Newsom has stated that California is ready to intervene if the federal tax credit on electric cars, which currently amounts to a good 54,000 Danish kroner, is removed.

Newsom explained that the state intends to reintroduce subsidies for electric cars. But that Tesla will be excluded from the scheme.

READ ALSO: Formula 1 has approved an 11th team in the field – will debut in 2026

According to the governor, the move is part of a larger strategy to attract more car manufacturers to the state.

– Consumers continue to prove the skeptics wrong – zero-emission Corvettes are here to stay.

"We will take action if the Trump administration removes the federal tax credit, which doubles down on our commitment to clean air and green jobs in California," Newsom said.

Exactly why Tesla has to be excluded is still unclear. But to Bloomberg , the governor's office says the subsidies must be designed to "create market conditions that can get more car brands to take root."

The wording can be interpreted as an attempt to attract competitors to Tesla's factory in the state, which Tesla itself has criticized.

Musk has used his platform to express displeasure, calling the measure "crazy."

At the same time, it is still unknown whether Donald Trump will actually carry out what he, among other things, was told in the election campaign – namely that electric cars should not have state subsidies. How it will affect both Tesla and the market for electric cars in the US, only time can tell.

A little closer to our own national borders, however, Tesla is also in trouble. Because while the Model Y is still the most popular car at home, sales are plummeting in Europe's largest car market. In fact, so much so that Tesla is now ready with drastic measures to entice customers. Read more about it here .

Latest

Don't miss

BMW has lost the big problem of the internal combustion engine

BMW may have lost the cause of one of...

Ford sues company because new car looks old

Ford has sued the company Vintage Modern because the...

What is not allowed here? Every fifth driver ignores the sign

New figures show that one in five motorists ignores...

Cadillac approved as the 11th team in Formula 1

Starting with the 2026 season, the Formula 1 field...

The EU will force motorists to scrap older cars

With a new law, the EU will force motorists...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Burning up – Jaguar buys back 2,760 electric cars

Jaguar, which is already in a shitstorm after the presentation of the brand's new logo, is now buying back 2,760 cars because these can...

Two passengers dead – melted in burning electric car

The bodies of two younger people remain unidentified more than a week after they collided with their electric car that hit a roadside tree....

Donald Trump will allow new drilling for oil

US President-elect Donald Trump will allow companies to drill for more oil and gas when he takes office in January. Donald Trump puts action...

Toyota Celica is coming back, boss confirms

Toyota has long refused to say anything about a new Celica. But now the brand's technical director confirms that the model is on its...

Ford lays off another 800 employees because of electric cars

Ford must cut back. It now costs an additional 800 employees in Europe the job. This time in England. At the same time, 3,200...

The Jeep Avenger is reduced by DKK 110,000 in Denmark

The Danish importer KW Bruun is now significantly lowering the price of the Jeep Avenger, which in Denmark drops by up to DKK 110,000....

Storby bans electric carriages in public transport

It is the risk of fire that on Monday 25 November caused the authorities in the Swedish capital Stockholm to outlaw electric trains in...

Lamborghini pulls out of Le Mans altogether

After just one season with the SC63 hypercar, Lamborghini is withdrawing from the European Le Mans series FIA World Endurance Championship. Lamborghini has decided...

Nissan wants to have the ban on fossil fuel cars lifted

Nissan is now demanding that something happen immediately in England, where the government will gradually introduce a ban on new fossil-fuel cars from this...

Car brand restarts production after bankruptcy

Recaro's bankruptcy in Germany meant that production at Ineos Automotive came to a standstill. Now there is a prospect of it restarting in January....

Volkswagen insists that closure is necessary

Volkswagen faces mass layoffs and factory closures because it is necessary. That's what the brand's CEO Thomas Schäfer says. The employees and their unions...

Cadillac approved as the 11th team in Formula 1

Starting with the 2026 season, the Formula 1 field will expand to 11 teams when the General Motors-backed Cadillac team gets a place on...
footer.txt Viser footer.txt.