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Bill would tax ZEV credits; automakers, advocates and critics disagree on effects
Summary
Senate Bill 5811 would impose new taxes on the sale, banking and pooling of zero‑emission‑vehicle (ZEV) credits used for compliance with state vehicle standards; testimony ranged from opponents who said the measure penalizes automakers that over‑comply (and could depress credit markets) to supporters who argued for revenue capture.
Senate Bill 5811 would impose a tax on certain transactions involving zero‑emission‑vehicle (ZEV) credits that manufacturers earn, bank, sell or pool under the state's Clean Vehicle / ZEV compliance program, staff told the Ways & Means Committee.
Tianyi Lin, committee staff, summarized the program history and the bill's mechanics: under California‑aligned ZEV rules, manufacturers earn credits for delivering qualifying vehicles; credits can be banked, traded between manufacturers, or pooled/transferred for use in other states with similar…
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