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Newsom plan includes $1.5 billion to boost electric, hydrogen vehicles

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Tesla and other electric vehicle makers stand to benefit handsomely if California passes Governor Newsom’s proposed $4.5 billion 2021 budget for economic stimulus in the state.

The 2021 proposal, which Newsom previewed on Tuesday, includes $1.5 billion earmarked to help people and businesses purchase electric or hydrogen vehicles and equipment, and to invest in construction and maintenance of charging and fueling infrastructure, which would be needed to support expanded use of these vehicles in the state.

Newsom’s proposal also dedicates $300 million to maintenance and “greening” of state infrastructure, and would allow installation of electric vehicle…



Source cnbc.com

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