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CALIFORNIA VOTERS WEIGH NEW TAX ON RICH TO BOOST EV ADOPTION
AppleMagazine
|November 11, 2022
Should California’s richest residents pay higher taxes to help put more electric vehicles on the road? That’s a question the state’s voters are weighing in the election.
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Proposition 30 would place a new 1.75% tax on incomes above $2 million, which is estimated to be fewer than 43,000 taxpayers. It would raise billions annually, with most going to help subsidize the purchase of electric vehicles and construction of charging stations. Twenty percent of the money would go toward boosting resources to fight wildfires.
The ballot fight comes as California races to reduce emissions from transportation — by far the largest source — and meet its ambitious climate goals. Wildfires, meanwhile, are spewing more carbon into the air as they become larger and more destructive, threatening to set back the state’s progress.
Though Democratic Gov. Gavin Newsom pushed for a policy that bans the sale of most new gas-powered cars in the state in 2035, he does not support Proposition 30. That’s pit him against the state Democratic Party and a number of environmental and public health organizations.
This story is from the November 11, 2022 edition of AppleMagazine.
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