http://www.latimes.com/business/la-f...htmlstory.html
CA planning to pump $3billion to help out the EV market. Aiming to reduce compact EV prices to the level of Honda Civic... meaning rebates of around $10k!!!
$35k - $7.5k(fed)-$10k(CA)=$17.5k final sales price of Model 3!!!
And in the event of Federal tax credits expiring or exceeding quota, CA will step in and fill the gap. Though supposedly not meant to help Tesla specifically, but sure sounds like a bill specifically designed to help out Tesla Model 3...
Sounds wonderful to a CA resident like me. However, it kinda feels like government is subsidizing folks buying an iphone or something... just doesn't feel quite right if it passes. However, I do want to see Tesla succeed too.