Tesla generates more revenue for the state than these tax credits are worth
California collects a 7.5% sales tax on the purchase of new vehicles [1]. A $40,000 car would thus generate $3,000 of state sales tax income. That appears to be much less than the value of the proposed credits.
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California collects a 7.5% sales tax on the purchase of new vehicles [1]. A $40,000 car would thus generate $3,000 of state sales tax income. That appears to be much less than the value of the proposed credits.
[1] https://www.salestaxhandbook.com/california/sales-tax-vehicl...
Tesla sells expensive cars, revenue per car is currently near $90.000.
As I said, current models. Those are future models. And this is not the only revenue the state gets from Tesla.
And even then, absent the existence of Tesla, similar money would be spent on a competing vehicle anyway.