California Gov. Jerry Brown has signed two bills that outline a plan to spend $1.5 billion on environmental initiatives using money from the state’s recently renewed cap and trade program.
The bills were signed over the weekend, soon after lawmakers approved the plan to spend most of the money on incentives and rebates to promote a cleaner vehicle fleet.
California has set an ambitious goal to have 1.5 million zero-emission vehicles on the road by 2025. Lawmakers hope the rebates will help close the price gap between traditional and electric vehicles.
Funding will come from a program that puts a limit on annual carbon emissions and auctions off permits to pollute.
The bills include a provision aimed at helping a union looking to organize workers who assemble Tesla electric cars in Fremont.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
