California Governor Newsom to propose clean vehicle rebate if Trump cuts EV tax credit

(Reuters) - California Governor Gavin Newsom will propose a new version of the state's discontinued Clean Vehicle Rebate Project if the incoming Donald Trump administration scraps the federal tax credit for electric-vehicle purchases, his office said on Monday. Trump's transition team is considering the elimination of the federal tax credit of $7,500 for EV purchases, in line with broader tax