EV, Hydrogen Vehicles To Benefit From California Governor Newsom’s Proposed $1.5 Billion Stimulus

January 7, 2021

California Governor Gavin Newsom proposed elements from the 2021-22 state budget on Tuesday that included a $4.5 billion stimulus for “Equitable Recovery for California’s Businesses and Jobs plan” to help California recover through the COVID-19 pandemic.

Newsom called for immediate action to support small businesses with an additional $575 million on top of the previously allocated $500 million.

The budget also included the “Zero-Emission Vehicles and Zero-Emission Vehicle Infrastructure” plan, which proposed to allocate an additional $1.5 billion investment towards clean energy vehicles.

If passed, it could boost electric vehicle and hydrogen vehicle sales as $1.5 billion is earmarked to help people and businesses purchase electric or hydrogen vehicles and equipment and invest in construction and maintenance of charging and fueling infrastructure.

Read more here.

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