Thursday, January 27, 2022

    Latest Posts

    California proposes $6.1 billion on electric vehicle initiatives

    Governor of California Gavin Newsom holds a copy of the California budget after ceremonially signing a rally in Los Angeles on Tuesday, July 13, 2021.

    Hans Gutkunecht | MediaNews Group | Getty Images

    California Governor Gavin Newsom has presented a budget of $ 286.4 billion.California Blueprint,“For the state on Monday. The plan proposes to spend $ 22.5 billion to address the state’s fast-growing climate crisis and allocate a new $ 6.1 billion to electric vehicle-related initiatives.

    Last year, California promised to spend $ 15.1 billion on a variety of climate-related initiatives, including $ 3.9 billion on electric vehicle-related initiatives. California was also the first state to state that it would virtually ban the sale of new internal combustion engines or gas-powered vehicles by 2035.

    “You’ll think you’ve announced it for the US government,” Newsum said of the amount of money he plans to spend on incentives for electric vehicles. He boasted that adding $ 6.1 billion in electric vehicle spending to last year’s budget was equivalent to a “$ 10 billion state and municipal pledge.”

    The governor said such aggressive spending was partially justified to counter greenhouse gas emissions from vehicle tailpipes and fossil fuel extraction. The transport sector accounts for more than 50% of the state’s greenhouse gas emissions.

    The governor said he has attracted a new zero-emission vehicle company to the state by actively investing in electrification.They include car makers like Rivian When Lordstown Motors, And charging infrastructure players such as Volta And enough, especially the next TeslaFootprints.

    “Even those who have historically lived in the state are growing in the state,” Newsam hinted at Tesla. Tesla relocated its headquarters to Austin, Texas last year, but maintains a vehicle assembly plant in Fremont and has other important businesses in California.

    Newsom also calls California “Lithium Saudi Arabia” and refers to mineral deposits near Imperial County. Salton sea..

    Proposals for climate spending in the California Blueprint for fiscal year 2022-2023 include:

    • $ 3.9 billion for electrification of ports, heavy trucks, schools and public transport buses in the state.
    • $ 2 billion for “clean energy” initiatives such as decarbonization of buildings, long-term energy storage, and offshore wind development.
    • New spending of $ 1.2 billion on forest health and fire protection. This includes hiring and training CalFire and other personnel, purchasing Firehawks (helicopters used to fight fires), hardening homes, remote sensing, grazing, fuel damage, open burning, and spending on reforestation. included.
    • By the end of 2023, $ 1.2 billion for California’s 40,000 passenger electric vehicles and 100,000 new charging stations, and $ 1 billion for other zero-emission vehicle initiatives.
    • A $ 1 billion tax credit for companies developing breakthrough climate technology or developing green energy technology to provide profit sharing.
    • $ 757 million in state parks, with access to state parks for all Californians, regardless of income.
    • “Prepare for the long-term reality of a re-cultivated world,” Newsom said, spending $ 750 million on the fight against drought. This includes spending on water conservation and efficiency, groundwater replenishment, and support for smallholders in Salad Bowl.

    A KCBS reporter told New Sam that the California Public Utility Commission will reduce state solar incentives, add monthly grid connection fees to solar customers, and make rooftop solar more expensive for California residents. We asked for comments on the solar policy plan.

    Newsom said he had just seen the proposal and admitted that “there is still a lot to do.” Tesla, a solar business, wants its employees to lobby against the plan, CNBC Previously reported..

    In addition to proposing spending on climate change, the California Blueprint is seeking billions of dollars to support healthcare, housing, homelessness, public security, education and small businesses.

    The governor said California boasts a budget surplus of over $ 45 billion. Some of that money is likely to be returned to taxpayers, according to Newsam, and some of the surplus could flow into state reserves if the state constitutional amendment is approved.

    California proposes $6.1 billion on electric vehicle initiatives Source link California proposes $6.1 billion on electric vehicle initiatives

    The post California proposes $6.1 billion on electric vehicle initiatives appeared first on California News Times.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.