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Central Valley Politico Also Proposes Boosting Rebate To $3,500

California state senator proposes $40,000 price cap on rebate-eligible electric vehicles.

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California may ease some of its decades-old environmental mandates for potential developments in an effort to get electric-vehicle maker Tesla Motors to build its gigafactory in the Golden State. There is a certain irony in that, but given that the $5-billion factory could bring 6,500 green jobs to the state, it's not surprising.