California this year plans to use US$1.5 billion to support the development of electric and hydrogen-powered vehicles

If California passes the $4.5 billion 2021 economic stimulus budget proposed by its Governor Gavin Newsom, Tesla and other electric vehicle manufacturers will benefit a lot.

The 2021 economic stimulus plan includes 1.5 billion US dollars to help people and companies buy electric or hydrogen-powered vehicles, and to invest in the construction and maintenance of infrastructure to support the charging and refueling of these vehicles.

Newsom’s proposal will also allocate 300 million US dollars to maintain and “green” national infrastructure, and allow the installation of electric vehicle charging piles in all state-owned facilities. This may include charging stations from companies such as Tesla, ChargePoint, Electrify America (part of the Volkswagen Group) and Volta charging.