(Bloomberg/Eliyahu Kamisher, Keith Laing and Kara Carlson) — With President Donald Trump set to ax a key electric vehicle tax credit next month, California Governor Gavin Newsom has yet to advance his highly touted proposal to restart the state’s own EV subsidies, according to people familiar with the discussions.

To provide a safeguard for EV buyers and the industry, Newsom last year pledged to renew a state program that provided up to $7,500 in rebates for zero-emission vehicles if Trump ended a similar federal tax credit. After Trump signed his One Big Beautiful Bill last month, the federal credits are set to expire on Sept. 30.

But Newsom has yet to present a plan to legislative leaders who control California’s finances, according to a person familiar with the discussions. Inside the

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