US carmaker Tesla could be excluded from the California state subsidy, as the proposal included market-share limitations. California Governor Gavin Newsom did not explicitly say whether or not other carmakers would be excluded as well. According to the California New Car Dealers Association, Tesla accounted for more than half of electric vehicles sold in California in the third quarter of 2024. Tesla even moved its headquarters from California to Texas in 2021 in response to pandemic safety measures required by the state of California. Again, it remains to be seen if any other carmakers will be on the list of excluded carmakers due to market-share limitations.

Source: Los Angeles Times November 26, 2024 08:15 UTC