California Voters Reject Proposed Tax to Fund ZEVs

California voters rejected Proposition 30, which would have increased taxes by 1.75% on income of more than $2 million to fund programs for zero-emission vehicles (ZEVs). Governor Gavin Newsom opposed the proposition on grounds that it would “make our state’s finances more unstable.” The proposition failed by a margin of 58% to 42%. For more background …