Prop 30 Boosting EV Access Divides California Democrats

California has led the way in enacting ambitious legislation that seeks to ban the sale of internal combustion engine vehicles by 2035. One would therefore assume that any proposed law that furthers this objective would gain near-unanimous support from the governor and key advocacy groups, but this isn’t the case with regard to Proposition 30.

This ballot measure wants the rich — specifically those earning at least $2 million annually — to incur an additional 1.75% tax that will go toward helping people in poorer communities access electric vehicles. Some of that money would also be directed toward combating wildfires, an occurrence that has become more severe in recent years and threatens to worsen the climate change situation due to the millions of tons of carbon released into the atmosphere as those fires rage in the state.

The measure’s noble intentions notwithstanding, Governor Gavin Newsom has come out openly to oppose the ballot initiative. He says that it is a ploy by ridesharing company Lyft to have tax dollars go toward helping its drivers. Lyft has injected about $45 million into the campaign drumming up support for this initiative, which is slated to go before voters in a few weeks during the midterm elections.

Supporters of the measure say that the state is in dire need of a reliable source of funding to keep its EV incentives programs running in years when the state has favorable or unfavorable budget conditions. The money from this tax wouldn’t go to a general pool; rather, it would go directly to the spending accounts of the purpose for which it was created. Analysts say the program can provide a sure source of funding for EV adoption programs for the next 20 years, and this stability would create a meaningful impact in the disadvantaged communities where such help is needed.

However, opponents say the rich are already heavily taxed, with this proposal taking the income tax to at least 15% for the state’s wealthiest people. Currently, California has the highest income tax rate in the country. The California Teachers’ Association is also opposing the measure because no funding from this tax will go toward supporting K-9 education. The state’s Chamber of Commerce as well as several venture capitalists are funding the opposition campaign to this ballot measure.

With the Democratic Party in the state fully supporting the proposal, Newsom is set on a collision course with his party at a time when his reelection is almost a done deal. California is a major market for electric vehicles, so the outcome of this contest is likely to be closely watched by entities such as Mullen Automotive Inc. (NASDAQ: MULN) because it could impact how easily lower-income earners could purchase EVs.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

To receive SMS text alerts from Green Car Stocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published:

Green Car Stocks
Los Angeles, CA
415.949.5050 Office
[email protected]

Green Car Stocks is part of the InvestorBrandNetwork.


Select A Month

Contact us: (310) 299-1717