Politico Pro, Ballot initiative would tax Calif. millionaires to fund ZEVs

CLIMATEWIRE | A proposed California ballot measure would hike taxes on wealthy residents to accelerate the state’s adoption of clean cars with up to $4.5 billion annually.

The measure appears to be gaining momentum, with organizers having gathered a large portion of the signatures needed to get it on the November ballot.

Lyft Inc. has given about $8 million toward the effort. That should be more than enough to fund the campaign gathering the remaining signatures, said Beverly Grossman Palmer, an attorney specializing in California election law.

“That’s not just a little money,” Palmer said. “That’s enough to qualify for sure.”

The ballot measure, named the “Clean Cars and Clean Air Act,” proposes hiking California taxes 1.75 percent on income exceeding $2 million annually. The state’s legislative analyst and director of finance estimated the measure could raise between $3 billion and $4.5 billion a year.

“It would really kind of supercharge our efforts at transportation electrification,” said Bill Magavern, policy director at the Coalition for Clean Air, one of the groups backing the measure.

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