Californians don’t want to tax the wealthy to make EVs affordable

November 16, 2022 By Raulf Hernes

(Image Credit Google)

Proposition 30 would have raised income taxes on anyone earning more than $2 million, making EVs more economical for lower-income residents. According to estimates, it would have raised approximately $100 billion over a 20-year period, with $3 billion to $5 billion raised yearly. Tax income would have gone toward EV subsidy programs, making purchasing an electric vehicle more reasonable.

Prop 30 would have funded new charging stations, with 35% going toward new station construction and 20% going toward wildfire prevention programs. In an unexpected move, Gov. Gavin Newsom joined Republicans in opposing it. In California, a proposal to require Uber and Lyft drivers to drive all-electric vehicles (EVs) by the end of the year failed. The biggest worry is that an increasing number of poor people will be left alone because they cannot afford to purchase an electric vehicle. Experts are worried about the implications for similar initiatives throughout the country.

By Raulf Hernes

If you ask me raulf means ALL ABOUT TECH!!

Californians don’t want to tax the wealthy to make EVs affordable

Walmart's GenAI Search Engine: Challenging Google's Dominance in Retail Search

Introducing the MSI Claw Handheld: Your Ultimate Gaming Companion

Uber Increases In-App Ads, Prompting Mixed Reactions from Customers

Apple's iOS 18: A Leap into the AI Era

Google's Regular Pixel 8 Won't Get Gemini Nano AI

MacBook Air M3 Makes Amends for M2's Storage Blunder

Samsung Unveils the Galaxy M15 5G

Elon Musk's xAI to Open-Source Chatbot Grok

Contra: Operation Galuga - A Modern Run-and-Gun Classic

Musk Confirms X's TV App Arrives This Week

California lowers incentives for selling surplus electricity generated by rooftop solar panels

Microsoft and Google both make investments in renewable energy to power their data centers

GEAPP & SEWA Energy Resources joins Bitgreen to build $110M hydroelectric facility in Sierra Leone

Bill Gates Addressed The Exaggeration Issue Of ESG By Businesses

Rich Countries Are Responsible For Climate Change Says Bill Gates