Pres. Trump is saying:
Auto tariffs may go up in the not to distant future.Earlier Trump said that
He added that:
Musk does like him; wants to talk to Musk about EVsHe then upped the "like" to "love" saying Musk really loves him.
With the apology yesterday, it seems the bromance is back again and look for some special treatment
After all that, Trump just signed a executive order nixing California EV vehicle rules.
The California EV vehicle rules are some of the most stringent.
What are those rules?
Zero-Emission Vehicle (ZEV) Sales Mandate
By 2035, 100% of new passenger vehicles sold in California must be zero-emission (battery electric, plug-in hybrid, or hydrogen fuel cell).
Intermediate targets:
35% ZEVs by 2026
68% ZEVs by 2030
Rule applies to automakers, not individuals (used gas cars can still be sold or owned).
Rules for Trucks and Commercial Fleets (Advanced Clean Fleets Rule)
By 2036, all new medium- and heavy-duty trucks sold must also be zero-emission.
Specific phase-in timelines apply to:
Drayage trucks (port trucks): 100% zero-emission by 2035
Last-mile delivery fleets, government fleets, and larger commercial fleets have earlier ZEV requirements starting in 2024–2027.
Charging Infrastructure Requirements
New multi-family housing and commercial buildings must include EV charging infrastructure.
California offers rebates and grants to install chargers at homes, businesses, and public locations.
Incentives & Rebates
Clean Vehicle Rebate Project (CVRP): Up to $7,500 off new EV purchases (income limits apply).
Additional local incentives may apply (e.g., utility company rebates, HOV lane access).
Programs prioritize low- and moderate-income buyers.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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