Congressional Republicans and President Trump have killed the U.S. electric vehicle rebate program, with most payments ending after September — to the dismay of climate-conscious car buyers. Now California regulators are evaluating an economically elegant but politically unproven idea to replace it: “feebates.”
The policy is a hybrid — part fee, part consumer rebate. Tacking an extra charge on the sale of gas-powered cars or trucks could raise the billions of dollars needed to subsidize the rapid adoption of zero-emission transportation, encouraging many buyers to make the switch.
