California Gov. Newsom proposes $3.2B in EV investment as part of economic recovery package – .

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California Gov. Newsom proposes $3.2B in EV investment as part of economic recovery package – TechCrunch

California Governor Gavin Newsom, an electric vehicle proponent, unveiled a new proposal Friday that provides $ 3.2 billion to boost the state’s infrastructure and adoption of electric vehicles.

“This is a big deal,” Newsom said at a press conference on Friday. “The Biden government has talked a lot about it, they hope to do something with the Senate, but we’re doing it. We don’t wait around. “

Over half of the $ 3.2 billion budget would be used to replace 1,150 trucks, 1,000 transit buses and 1,000 school buses with electric models. Another $ 800 million would be allocated to the government’s Clean Cars 4 All program, which aims to help low-income drivers switch to zero or near zero cars, as well as other discounts or clean vehicles. The proposal includes $ 500 million for infrastructure and $ 250 million for production grants. Newsom did not specify what type of infrastructure programs would be eligible. It is likely that these funds will be used for recharge.

“Hyundai, we hope you’re listening,” said Newsom, referring to the automaker’s announcement on Thursday that it would invest $ 7.4 billion in the US to manufacture electric vehicles by 2025.

“Let’s start with the ability to avoid having to rely on foreign opponents or the intervention of people who want to gain resources through cyberattacks and / or other foreign governments that may abuse their privileges and rights with regard to the safety and availability of fossil fuels. “he said. His comments were likely related to the recent cyberattack on the Colonial Pipeline that caused gas shortages in parts of the eastern US.

The funds are a small part of his proposed $ 100 billion stimulus package, known as the California Roars Back. If approved by the state assembly, it would be the largest recovery plan in the state’s history. Other proposals included in the package concern nearly $ 1 billion to improve the state power grid and invest in energy storage, green hydrogen and offshore wind development.

In September last year, Newsom signed an executive order to end sales of internal combustion engine passenger cars by 2035. Transportation causes more than half of all carbon emissions in the state.